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SAMSUNG ELECTRONICS EYES US$1.4 BLN FLASH MEMORY CHIP SALES THIS YEAR.
AsiaPulse News, October, 2002
SEOUL, Oct 29 Asia Pulse - Samsung Electronics Co. (KSE:05930) said Tuesday its flash memory chip sales for this year are expected to nearly quintuple over last year to US$1.4 billion, helped by growing markets for mobile moving pictures and USB (universal serial bus) drive.
Sales have continued to rise from $180 million in the first quarter to $370 million in the third quarter and are expected to soar to $400 million in the fourth quarter.
Samsung is said to have grabbed more than 60 per cent of the global NAND-type flash memory chip market after Japan's Toshiba Corp. suspended production by selling its U.S. plant to Micron Technology Inc.
Flash memory chips can retain data even if the power has been turned off and are an integral part of most of...
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