Samsung to add new production lines

Samsung today announced a $33 billion investment plan to add new production lines, in the largest single investment project since Samsung entered the semiconductor business. The firm hopes to more than triple its chip sales to $61 billion by 2012 to extend its lead on smaller companies, and is considering building new production facilities in the United States, according to a report from Reuters. The holiday season will likely see higher demand for flash memory, most of which Apple has seized, and analysts expect solid demand for memory chips over the coming years as a result of growing PC markets in emerging countries, and massive sales of digital cameras and music players such as Apple's iPod nano, which use flash memory chips.

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