Samsung bounces back with $1 billion investment

Reports from South Korea said today that Samsung Electronics is set to invest nearly $1 billion in producing DRAMs next year. But the investment will take place at home, and not abroad, the company said. Samsung is to build a further DRAM fab at its Kiehung plant to pump out 64Mbit and 256Mbit parts in anticipation of extra worldwide demand. It is the first of the big three semiconductor chaebols to announce fresh investments. LG Semicon and Hyundai are locked in a deadly embrace over their DRAM future, with Wall Street consultancy Arthur Little caught in the middle. ®