Ok guppies! This thread is to show Pak appreciation of the great nation “South Korea”. This nation recovered from the devastating war and now stands as the best example of industrial development.
This nation also gives hope to Pakistan. SK was ruled by military generals closely allied with US. As a result, SK and US introduced policies of mutual partnership for industrial growth. 4 decades later, SK has done wonderfully. Let’s all join hands and follow SK lead. I am sure Pak can become a major industrial nation by 2045.
Go SK and its great people.
Samsung plans biggest chip plant
Samsung Electronics, the South Korean chipmaker, is planning to spend $33bn (£19bn) expanding output and building a research and development plant by 2012.
The company said it would create 14,000 new jobs and add 5,000 research posts over the next seven years, creating the world’s biggest semiconductor factory.
Samsung said the extra output would boost chip sales to $61bn (£35b) in 2012, compared with $16.3bn last year.
Samsung has been battling declining prices and waning demand.
The company sells two main types of memory chip: DRAM chips for computers and flash memory chips for digital cameras and mobile phones.
‘World’s largest’
Despite industry-wide oversupply, Samsung said that building eight production lines at two factories was a key part of plans to boost future profits.
“The long-term investment plan reflects Samsung’s strong commitment to supporting leading-edge technologies that will create new markets and applications,” it said.
The lines would be added to Samsung’s Kiheung and Hwaseong factories near Seoul.
“When completed in 2012, the Kiheung-Hwaseong complex will be the world’s largest semiconductor fabrication facility,” Samsung said.
As well as chips, Samsung also makes flat-screen televisions, mobile phones and computers.
Increased demand for these products has helped take up the slack in chip revenues and the company is predicting that chip sales will have picked up in the second half of this year.
Story from BBC NEWS:
lekin yahan bilkul kuch aur nikla…(albeit for the better)