Sam­sung says to in­vest in chips

China Daily (Hong Kong) - - BUSINESS -

Sam­sung Elec­tron­ics Co Ltd said on Tues­day it plans to in­vest at least 21.4 tril­lion won ($18.62 bil­lion) in South Korea to raise out­put of chips and dis­plays, seek­ing to boost mo­men­tum for its boom­ing com­po­nents busi­nesses. Sam­sung, in a state­ment, said its plan in­cludes 14.4 tril­lion won for its new NAND mem­ory plant in Pyeong­taek by 2021 to in­crease out­put, and 6 tril­lion won to build another semi­con­duc­tor pro­duc­tion line at its ex­ist­ing Hwaseong com­plex. The world’s largest mem­ory maker by rev­enue also said it plans to add another NAND chip line in its Xi’an, China, man­u­fac­tur­ing base, with­out dis­clos­ing the in­vest­ment amount or time frame.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.