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Sat, Jul 15, 2006 - Page 10 News List

Samsung posts weak second quarter profit

SALES DOWN The South Korean firm announced its poorest figures in three years although analysts said that prospects for the second half of the year were better

AFP , SEOUL

Meanwhile, Samsung said it will invest US$200 million to form a venture with Siltronic AG to make chip wafers.

The Singapore-based venture will be named Samsung Electronics Asia Holding, Samsung said in a regulatory filing in Seoul yesterday.

Samsung and Germany's Siltronic will each own half of the venture, the statement said.

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