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.)