I like Samsung devices like blue-ray player, smart phone and I'll not upgrade iphone contract as there's no fun left. With rocking news of Samsung bringing the fastest chip next week, INTC will take a dip back to $26 next!!!
The Korean Economic Model Has Been Harmful to U.S. Semiconductor Producers and Left Unchecked will Cause Further Injury
Government support for the creation and development of the Korean semiconductor industry has permitted Korean chip producers to move from an insignificant market share to become the third leading global producer of semiconductors today. Korean semiconductor sales grew in value eightfold from 1991 to 1996, with approximately 90% of all Korean production going to export markets. The rapid expansion program embarked on by the Korean producers, with the help of the Korean government, has resulted in semiconductors becoming Korea’s single largest export product, accounting for approximately 14% of total exports.
Moreover, the overwhelming proportion of Korean production has been in one product area – memory semiconductors, primarily DRAMs – which accounts for more than 80% of Korean semiconductor production. Korea’s overreliance on a single product as the driver for its export-led growth policy has proven to be extremely imprudent. As the Korean industry expanded DRAM capacity to capture even greater market share, it contributed to global oversupply, which in turn precipitated a collapse in the DRAM market prices. http://archives.financialservices.house.gov/banking/2398sa.shtml