Quantcast

Samsung to spend more than $14 bln in second phase of China chip plant


Reuters


BEIJING, May 17 (Reuters) - South Korean tech giant Samsung Electronics Co Ltd will spend more than $14 billion in the second phase of investment in its memory chip plant in Xian, China, China's official Xinhua news agency reported on Friday citing a Samsung executive.

Xinhua, citing Samsung Vice President Ji Hyun-ki, said the second phase of investment in the Xian plant will be completed in July this year and start production in the first quarter of 2020.

OCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">


BEIJING, May 17 (Reuters) - South Korean tech giant Samsung Electronics Co Ltd will spend more than $14 billion in the second phase of investment in its memory chip plant in Xian, China, China's official Xinhua news agency reported on Friday citing a Samsung executive.

Xinhua, citing Samsung Vice President Ji Hyun-ki, said the second phase of investment in the Xian plant will be completed in July this year and start production in the first quarter of 2020.






This article appears in: Stocks , World Markets , Economy




More from Reuters

Subscribe






See Reuters News













Research Brokers before you trade

Want to trade FX?