Please read the below article and summarize with your own words? must be more then 600-- w-ord-s?

Major Memory Competitors in 2005 This section lists Samsung's major competitors in the memory chip industry in 2005. (Companies are listed in alphabetical order.) The financial performance of Samsung and its publicly listed competitors is presented in Exhibit

1. Elpida Memory, Inc.

ElpidaJapan's only remaining DRAM producerwas established as a joint venture between NEC and Hitachi in December 1999. In the three years after its establishment, Elpida suffered through a period of financial losses due to a DRAM market decline, as well as to a decision not to invest in new products and new product capacity as the market recovered. Subsequently, Elpida decided to focus on developing memory products for mobile devices and consumer electronics products. That way, it could try to sell primarily to Japanese customers who had, until then, bought memory chips from Samsung and Micron. In June 2004, Elpida announced that it would start construction on its second 12-inch wafer fab next to its current manufacturing facility in Hiroshima. The cost of the new facility was $4.5 billion, and Elpida partially financed the new facility through a $100 million investment from Intel, along with a public equity issue.

2- Hynix Semiconductor, Inc. South Korea-based Hynix was founded in 1983 as Hyundai Electronics, and it changed its name in 2001 while separating from the financially distressed Hyundai Group. In the early 1990s, Hynix enjoyed some of the same cost advantages as its Korean competitor Samsung, but it lost the technological lead. Moreover, Hynix had trouble timing its capital investments to take advantage of market developments. In 1996, when the DRAM market began experiencing a cyclical decline, Samsung maintained the minimum capital expenditures needed to maintain smooth business operations, while Hynix dramatically increased its capital investments into the downturn. Hynix lost even more ground to Samsung in 1999 when the market began to expand dramatically. Samsung significantly increased its investment in fast response to market growth, while Hynix actually decreased its capital investment.6 In 1999, Hyundai Electronics acquired LG Semiconductor, the semiconductor unit of LG Group. This acquisition loaded Hyundai Electronics with LG Semiconductor's enormous debt, which together with a cyclical industry downturn forced Hynix almost to the point of collapse in 2001-2002. A multibillion-dollar bailout allowed the company to survive. Still, Hynix was forced to lay off 30% of its workforce and sell all non-core operations. Recently, Hynix entered into a joint venture with ST Microelectronics to build a memory production fab near Shanghai in China. Also, in April 2005 Hynix paid $185 million to settle charges by the U.S. Department of Justice (DOJ) that it and the other memory manufacturers had conspired to control prices in the U.S. between April 1999 and June 2002. In exchange for bringing the alleged wrongdoing to the U.S. government's attention, Micron was granted amnesty by the DOJ. In September 2004, Infineon settled its part of the investigation in exchange for a $160 million fine.7 Samsung, in December 2004, set aside $100 million as a contingency to cover any future settlement. All key data analyzed in this case came from the year 2003, by which time the industry's alleged cooperation on price had ceased according to the DOJ case.

3- Infineon Technologies AG Germany-based Infineon was spun off from Siemens in 1999. Siemens had been in the semiconductor business since the beginning of the industry. Throughout the company's history, Siemens' semiconductor unit formed alliances with other industry competitors to reduce investment risk and shorten time-to-market. As a result of its reliance on strategic alliances, the company always managed to stay near the front of the pack in the industry. In recent years, Infineon entered a product purchase and capacity agreement with Taiwan-based DRAM manufacturer Winbond, under which Infineon agreed to license its 0.11um DRAM technology to Winbond in exchange for the output using that technology. Infineon also formed a joint venture with Taiwan-based Nanya Technology to build a new plant in Taiwan. Over the next few years, Infineon planned to invest $1.5 billion (over half its capital budget) in Asia. Infineon in 2005 had more than 25 R&D locations spread all over the globe.

QUESTION:: Please read the THE article and summarize with your own words? must be more then 600 --w-or--ds?