Samsung undecided on investment for second memory chip production in China's Xian
South Korean tech giant Samsung Electronics said on Friday that it has not decided on additional investment in a second memory chip production line in China's Xian.
)
08:50 PM IST
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.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
)
)
)
)
)
)
)
)
)
Samsung Galaxy S25 Ultra cheaper by Rs 25,000?
