Samsung Electronics Co, the world's largest memory chipmaker, said yesterday it expects its sales of dynamic random access memory (DRAM) chips to hit a record US$10 billion this year.
The South Korean firm also said it is developing a new DRAM chip expected to boost the world market to US$55 billion by 2011.
"In the 23rd year of the DRAM business this year, what is most encouraging is that Samsung's sales are expected to be US$10 billion," Samsung said in a statement. "It will be the first for any single semiconductor product to attain the US$10 billion sales goal."
Samsung's DRAM business has grown 24 percent annually since 1984, the statement said.
Samsung also announced it is developing the world's first one-gigabit DRAM chip using 50-nanometer processing technology.
It said it would begin producing the new memory chip, which guarantees faster data-processing speeds, lower power consumption and improved performance, in the first quarter of next year.