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Samsung Ramps Up Plans for Bigger Flat-Screens

Posted Nov 23, 07 9:33 AM CST in Business,  Technology 

(Newser) – Samsung Electronics will invest $2.2 billion next year in LCD panels to cash in on the growing market for bigger flat-screen TVs, the Wall Street Journal reports. The world's leading LCD producer aims to expand its eighth-generation line, which makes screens for TVs in the 46- to 52-inch range.

Samsung said it expects the market for TVs larger than 50 inches to grow by 65 percent in the next three years. The company also said it will start mass production next month of NAND flash-memory chips, widely used in digital cameras and MP3 players. The chips are made at the company's plant in Austin, Texas.

Source Wall Street Journal

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Samsung is banking on growing demand for flat-screen TVs.   (Getty Images)
A South Korean woman walks by a Samsung logo in downtown Seoul, South Korea, Friday, Nov. 23, 2007. South Korea's National Assembly passed a bill Friday demanding an independent investigation into allegations...   (Associated Press)
An employee of Samsung Electronics shows the world's first 30-nanometer 64-gigabit NAND flash memory device during a news conference in Seoul, South Korea, Tuesday, Oct. 23, 2007. (AP Photo/Lee Jin-man)   (Associated Press)
Samsung is banking on growing demand for flat-screen TVs.   (Getty Images)
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Texas  • South Korea  • Sony  • Samsung  • flat screen TVs  • LCD  • NAND chips


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