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.
New Vikendi map adds snow, snowmobiles and new aural and visual twists
Faults and bad weather ground SpaceX, Blue Origin, Arianespace and United Alliance
New regulation expected to cut greenhouse gas emissions by about 17 million metric tonnes between 2020 and 2050
Molybdenum ditelluride is a two-dimensional material that can be easily stacked into multiple layers to create a memory cell