Samsung Elec to invest $7 billion in 3 years to expand China NAND chip production
Samsung Electronics Co Ltd said on Monday it expects to invest $7 billion in the next three years to expand its NAND memory chip production in Xian, China.
The South Korean tech giant said in a regulatory filing that it approved on Monday $2.3 billion out of the $7 billion in expected investment.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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