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.

Samsung undecided on investment for second memory chip production in China's Xian
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. Photo: Reuters
Written By: Reuters
Updated: Fri, May 17, 2019
08:50 pm
SEOUL, Reuters
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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.

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