Korean giant Samsung is set to reduce its dependence on memory chips by branching into the telecommunications business.
It has acquired Silicon Valley startup IGT and will reduce the cost of ATM switching by the 90 per cent mark as silicon comes onstream, said Paul Bailey, managing director of Samsung Electronics UK.
The company is also set to move into optical technology with the acquisition of Union Optical and early next year will introduce GSM capability into its range of mobile phones.
Bailey said: "The acquisition [of IGT] is a price decrease opportunity for Samsung. A lot of profit was generated by memory."
Although the memory market had fallen this year, Bailey claimed that the development of one gigabyte DRam was in its final stages. "It?s in the labs and it works," he said.
Other ways Samsung will diversify include the development of a widescreen digital TV which uses flatscreen TFT technology. That, he said, will be available in the UK next year.
Nanocrystals embedded in glass or a polymer could be the next step for nano-crystal storage method
Space Telescope to be used as part of the organisation's Transiting Exoplanet Survey Satellite
Second quarter PC sales up by 2.7 per cent, suggests IDC
Apple updates MacBook Pro with Coffee Lake CPUs, 32GB memory and up to 4TB storage - at a price, of course
A maxxed out MacBook Pro will cost a mere £6,209