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Last updated on February 10, 2012 at 19:34 EST

Samsung Upgrades Memory Lines

May 28, 2008

Samsung Electronics has announced plans to invest KRW 946.8bn ($902.2m) to upgrade its memory lines this year.

It said it expects its chip division to turn a corner by the second half after a year-long decline, and expects DRAM shipments to rise 100%, against the industry average of 50%-60%.

Market research company iSuppli estimates that Samsung has a 30.6% share of the global chip market.