HONG KONG (WiMAX Day). Kitae Lee, the president of telecommunications and networks business at Samsung last week stated that the South Korean company would invest over $320 million in WiMAX research and development next year, mainly for mobile handsets and notebook computers. The first devices have already been announced, and many more will become available over the next year. This investment is in addition to an estimated $550 million that Samsung has already invested into internal research and development of WiMAX products. Mr Kitae Lee said that he expects heavy demand for mobile WiMAX products to begin in 2008 and then boom in the following years. Speaking at the ITU conference in Hong Kong today, Mr Kitae Lee also stated he believes that there will be 130 million subscribers for mobile WiMAX by 2011, and that in the next year mobile WiMAX will deliver speeds of up to 100 Mbps, and nomadic WiMAX will deliver speeds up to 1Gbps.