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SAMSUNG AIMS TO ACHIEVE US$10 BLN IN FLASH MEMORY SALES.
AsiaPulse News, October, 2003
SEOUL, Oct 10 Asia Pulse - Samsung Electronics Co. (KSE:05930), the world's largest maker of memory chips, said on Friday it set a $10 billion sales goal for its flash memory chips next year and made them the company's new growth engine.
The decision was made at a special strategy meeting, presided over by Chairman Lee Kun-hee, where senior company officials reviewed products with next-generation growth potential, according to officials.
"Samsung will intensify efforts to develop the flash memory chip as its new growth engine because it is expected to enjoy a golden period over the next five or 10 years," a Samsung official said.
Samsung Electronics is attempting to offset a reduction in profit from sales of dynamic random access memory (DRAM)...
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