Samsung to spend its way to RAM market domination
Company chairman to spend $2.93bn on retaining RAM chip lead
Korean combine Samsung today pledged to shell out $2.93 billion to ensure the company's dominance of the RAM chip market. The investment plan was announced today by Samsung chairman Lee Kun-hee at a South Korean presidential meeting to review how much the nation's five major companies will be pumping into its economy. The meeting reminds us of numerous James Bond flicks in which Spectre regional operatives report to their master how much they are contributing to the organisation's coffers. Hyundai chairman Chung Mong-koo said his group would record a profit of $1.6 billion this year and $3.3 billion in 2000. LG Group chairman Koo Bon-moo said the group would invest $1.67 billion annually to boost IT sales. Another chairman is believed to have failed to meet expectations and may have been tipped off his booby-trapped conference chair into a vat of piranha fish. Or possibly crocodiles. Meanwhile, Samsung said its decision was based on a projected increase of 20 per cent if demand for PCs and a past increase in demand for semiconductor products of ten per cent. ®
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