Yoon Woo Lee, president of Samsung Electronics Semiconductors, today projected sales of semiconductors and thin-film-matrix LCDs would reach $30 billion by 2005.
He estimated that Samsung's semiconductor and TFT-LCD sales would reach a record $13 billion this year.
Lee claimed that the Korean company was already the world's leading producer of DRAM, SRAM, NAND flash, and TFT-LCD panels, and vowed that by 2005 Samsung would become a leading global producer of what it calls System LSI, or system-on-a-chip (SOC) devices. Lee said Samsung aims to become the world's top supplier of mixed-signal, digital consumer, PC and peripheral, and telecommunications chips by the middle of the decade.
Lee also predicted Samsung's sales of System LSI chips would increase 24% annually from this year's $1.7 billion to reach $3 billion in 2002 and $5 billion in 2005.
To spur Samsung's non-memory chip business, the Korean chip maker will break ground this year for a new 8-inch wafer fab dedicated exclusively to System LSI chips. It was the first mention of yet another new Samsung fab, which will use 0.13- to 0.18-micron processing and will begin production in 2002.
Lee reiterated that Samsung this fall will begin production at its new 8-inch DRAM fab, Line 10, in a new semiconductor complex launched in Hwasung, South Korea. He expected the new fab to help alleviate some of the growing global shortage of DRAM chips. Samsung next month will also start construction of its first 300-mm wafer fab, Line 11, for DRAM production at Hwasug. Initial production is expected in the second half of 2001.
Lee said Samsung will invest more than $5 billion in its chip and LCD operations this year to help it achieve its aggressive sales targets.