SEOUL (Reuters)—Samsung Electronics Co. Ltd., the world's top memory chip maker, announced a $33 billion investment plan on Thursday to add new production lines, aiming to more than treble its chip sales by 2012.
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The plan, the biggest single investment project since Samsung entered the semiconductor business in 1974, was set to widen the gap with its smaller rivals while adding capacity in the relatively weak non-memory area, analysts said.
Samsung also said it was considering building new production facilities in the United States, although nothing was set.
Memory chip makers have huge capital spending requirements as production moves to finer circuitry technology that makes chips smaller and helps cut manufacturing costs.
