Samsung Electronics to invest additional US$ 8 bil. in its China chip producing plant

삼성전자, 중국 시안 반도체 공장 9.5조원 추가투자 공식화

Samsung Electronics will invest an additional 8 billion U.S. dollars into its memory chip plant based in Xi'an, China by 2021.
According to Chinese media, Samsung Electronics will use the additional investment to ramp up its production lines and manufacture Nand-flash chips.
This comes after Chinese Premier Li Keqiang said in October that a total of 15 billion dollars will be spent on Samsung's second Xi'an plant, after it had already invested seven billion dollars
The plant is expected to begin operations in the first half of next year.

#Samsung #invest #China

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