Samsung says no decision yet on investment for second memory chip plant in China’s Xian

Written by on May 17, 2019

FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul
FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, March 23, 2018. REUTERS/Kim Hong-Ji/File Photo

May 17, 2019

SEOUL (Reuters) – South Korean tech giant Samsung Electronics Co Ltd said on Friday that it has not decided on additional investment in a second memory chip production line in the Chinese city of Xian, denying an earlier report by the Chinese state media Xinhua.

Xinhua news agency earlier on Friday had quoted Samsung Vice President Ji Hyun-ki as saying that the group would spend more than $14 billion in the second phase of investment in its memory chip plant in Xian.

Samsung later responded in an emailed statement to Reuters, denying the Xinhua report.

(Reporting by Ju-min Park; Writing by Lee Chyen Yee; Editing by Susan Fenton)

Source: OANN

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