October 25, 2002 in Social Responsibility News

SAMSUNG Breaks Ground on New TFT-LCD Module Plant in Suzhou, China

Seoul, KOREA - Oct. 25, 2002: Samsung Electronics Co., Ltd., the world's leading manufacturer of advanced TFT LCD panels, today announced the construction of a new TFT LCD module assembly plant at the Suzhou Industrial Park in China's Jiangsu Province.
The new module line will cover 100,000 square meters (1million square feet) of a 545,500-square meter (5.9 million square feet) site acquired for future facility expansions.

The new Suzhou plant will begin operation in the third quarter of 2003, turning out 14.1-inch and 15-inch TFT-LCDs for notebook PCs as well as 15-, 17- and 19-inch models for desktop monitors. Initial monthly output is expected to be approximately 200,000 units, which will be supplied domestically. The local assembly operation will enable Samsung to be more responsive to customer requirements, improve customer service and shorten delivery intervals.

On October 25, a groundbreaking ceremony was held at the site and attended by over 300 dignitaries and guests, including Mr. Yoon-Woo Lee President and CEO of Samsung Electronics Device Solution Network, Mr. Hyung-Do Lee Chairman of Samsung China Regional HQ as well as Chinese business and government officials.
In conjunction with the ceremony, Samsung Electronics announced its plans for intensive business expansion in China.

"China is the most attractive market for the IT industry in terms of growth potential for the 21st century," said Mr. Yoon-Woo Lee, President and CEO of Samsung Electronics Device Solution Network. "We intend to continue bolstering the competitiveness of our semiconductor and TFT-LCD businesses and expand our China-based production, sales and R&D operations."

Samsung has maintained its position as the world's leading TFT-LCD producer since 1998.
The new TFT-LCD assembly plant in China will serve to further bolster the company's industry leadership in that sector. Moreover, Samsung Electronics regards the Chinese TFT-LCD market as a main growth region. The company will continue to strengthen Chinese operations so that about one-third of all the TFT-LCDs produced by Samsung in Korea are assembled in China by 2006. In addition to the new TFT-LCD assembly plant, Samsung also outlined its intention
to expand overall semiconductor and TFT-LCD operations in China.

"Our expansion effort in China will play a pivotal role in creating a new growth surge for Samsung's semiconductor and TFT-LCD businesses," said Lee. "By adding the new facility, Samsung will be better able to support local clients and improve our competitiveness in the TFT-LCD sector. Samsung intends to use this expansion as a springboard for achieving US$4.2 billion in sales within China by 2006."

During the ceremony, Samsung also announced expansion of the existing Suzhou semiconductor assembly operation. Samsung started semiconductor assembly operations at Suzhou in 1996.
The plant, which was dedicated to System LSI assembly, has expanded product availability to memory products that are experiencing significant demand in China. These memory products include DRAM and SRAM for mobile phones.

Samsung also outlined plans to establish a system that will effectively integrate production with R&D and sales. A three-pronged response to the Chinese market will include local research facilities, semiconductor and LCD assembly as well as sales subsidiaries.

Samsung's Device Solution Network business unit is pursuing plans to establish an R&D center in China next year in order to build a local R&D network and attract highly competent people.
A cooperative program with leading Chinese universities is on the drawing board to discover young talent and build a network of scientists and engineers.

Expansion of Samsung's Chinese operations is expected to increase the number of locally hired hinese employees working in the Device Solution Network business from the current 1,000 to 4,500 by 2006. The company has also announced that a chain of local distribution offices will be in place in Beijing, Shanghai and Guangzhou by the end of this year as part of efforts to diversify the marketing structure.

Major computer manufacturers have recently entered China, and t leading manufacturer of advanced TFT LCD panels, today announced the construction of a new TFT LCD module assembly plant at the Suzhou Industrial Park in China's Jiangsu Province.
The new module line will cover 100,000 square meters (1million square feet) of a 545,500-square meter (5.9 million square feet) site acquired for future facility expansions.

The new Suzhou plant will begin operation in the third quarter of 2003, turning out 14.1-inch and 15-inch TFT-LCDs for notebook PCs as well as 15-, 17- and 19-inch models for desktop monitors. Initial monthly output is expected to be approximately 200,000 units, which will be supplied domestically. The local assembly operation will enable Samsung to be more responsive to customer requirements, improve customer service and shorten delivery intervals.

On October 25, a groundbreaking ceremony was held at the site and attended by over 300 dignitaries and guests, including Mr. Yoon-Woo Lee President and CEO of Samsung Electronics Device Solution Network, Mr. Hyung-Do Lee Chairman of Samsung China Regional HQ as well as Chinese business and government officials.
In conjunction with the ceremony, Samsung Electronics announced its plans for intensive business expansion in China.

"China is the most attractive market for the IT industry in terms of growth potential for the 21st century," said Mr. Yoon-Woo Lee, President and CEO of Samsung Electronics Device Solution Network. "We intend to continue bolstering the competitiveness of our semiconductor and TFT-LCD businesses and expand our China-based production, sale


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