Samsung to make $US24b chip investment by 2010

Samsung to make $US24b chip investment by 2010

Samsung Electronics plans to invest 25 trillion won (US$24 billion) in building new semiconductor production lines by 2010, the company said Monday.

Samsung, the world's second-largest chipmaker, forecast sales of 200 trillion won in the next six years, it said in a statement. The investment is expected to create as many as 10,000 new jobs, the South Korean company said.

Samsung said that it expected worldwide semiconductor sales to be up by 60 percent in 2004 when compared to last year.

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