Samsung wants top spot in digital sector

Samsung Electronics has committed to a grueling product schedule aimed at putting it in the top three spot in the digital sector. The Korean electronics giant aims to top 30 trillion won (US$23.7 billion) in sales and churn out seven leading electronics products by 2005 to emerge as the market leader in digital appliances, according to the company's digital media sector president, Chin Dae-je.

He announced an alliance with Microsoft to gain a foothold in home networks at the International Consumer Electronics Show 2001 (CES). Solidifying its intentions, the electronics maker will pour in 500 billion won (US$394 million) in digital televisions over the next five years, in a bid to raise its global market share to 15 percent and emerge as the number one firm in the sector.

Full story-- ZDNet Asia.