Samsung chairman says group must be aggressive
Samsung Group said its chairman Lee Kun-hee believes Samsung Electronics Co Ltd and other electronics units need to make aggressive investments to maintain their global dominance in memory and LCD operations and further strengthen other key electronics operations.
Samsung Group said in a statement that Lee told a meeting of heads of Samsung Electronics, Samsung SDI, Samsung Electro-Mechanics Co and other electronics-related units that the electronics sub-group is expected to make "all-time high" earnings this year, it said.
"We should focus on strengthening our growth potential by making bold investments in core businesses, research and manpower resources, as record earnings are expected this year," Lee said.
Samsung Electronics and other units promised to maintain global leadership in the memory and TFT-LCD operations, and to widen the gap with second-place competitors, it said.
To maintain the leading global market share in the memory businesses, Samsung Electronics will raise the proportion of flash memory in its total memory sales from the current 16% to 34% in 2005 and further to 40% in 2010, it said.
It said it will place a greater focus on non-PC TFT-LCDs as part of moves to further strengthen its profitability by raising the production of LCDs used for handsets and TVs.
