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  • LG Semicon to Strengthen Its IC Business
  • November 2, 1998 (SEOUL) -- LG Semicon Co. said it will strengthen its non-memory integrated circuit business, focusing on non-memory chips for computers, multimedia devices, industrial electronics and online communications.
    The company said it will also streamline operations by setting up its own retail network in addition to the existing development and production units.

    As part of its self-rehabilitation plans, LG Semicon said it will close down several non-profitable businesses, including production of chips for LANs and set-top boxes as well as its DRAM production lines, which will be converted into non-memory chip production facilities.

    "We will use 40 percent of the total research funds to develop IC chips," said an LG official. "We hope to raise sales profits to US$1 billion by 2001 and plan to focus on developing complex chips, digital TV chip sets and ICs for CDMA products with higher international competitiveness."

    LG Semicon plans to secure the technology needed to expand its IC sector by participating in a government project aiming to advance the infrastructure for non-memory technology and led by the Ministry of Information and Communications and the Ministry of Science and Technology.

    (Maeil Business Newspaper, Korea)

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    Updated: Sun Nov 1 21:50:51 1998 PDT