Sam­sung In­vest­ment

Beijing Review - - This Week Economy -

On Au­gust 30, Sam­sung Elec­tron­ics Co. signed an agree­ment with the gov­ern­ment of north­west China’s Shaanxi Prov­ince to ex­pand its chip pro­duc­tion ca­pac­ity in the prov­ince.

Sam­sung will in­ject an ini­tial in­vest­ment of $7 bil­lion into the sec­ond phase of its chip plant in Xi’an, cap­i­tal of Shaanxi, which will pri­mar­ily pro­duce ad­vanced flash mem­ory chips.

The first phase of the plant at the Xi’an Hi-Tech In­dus­tries De­vel­op­ment Zone went into op­er­a­tion in May 2014, with a to­tal in­vest­ment of $10 bil­lion.

The open­ing of Sam­sung’s semi­con­duc­tor project has at­tracted more than 100 sup­port­ing com­pa­nies to the zone, and the ex­pan­sion in pro­duc­tion ca­pac­ity is ex­pected to strengthen Xi’an’s role as a ma­jor semi­con­duc­tor in­dus­try base.

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