Samsung Ramps Up Plans for Bigger Flat-Screens

South Korean giant sees booming market for Huge TVs
By Jane Yager,  Newser Staff
Posted Nov 23, 2007 9:33 AM CST
Samsung is banking on growing demand for flat-screen TVs.   (Getty Images)
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(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. (Read more Samsung stories.)