Samsung to Build $7B Plant in China
South Korea-based Samsung Electronics announced Monday that it would spend $7 billion to build a NAND memory chip plan in China. The plant, which will mark Samsung's biggest-ever overseas investment in chip production, is reportedly going to be built in the central-China city of Xian. Before Monday's announcement, analysts had anticipated the plant would cost about half of the $7 billion price tag.
Source: http://www.technewsworld.com/rsstory/74761.html
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