(Nikkei BP Group)
(No.1 High-Tech News Site in Japanese)
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| LG Semicon to Strengthen Its IC Business
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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.
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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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