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Samsung To Invest $7 Bln In 3 Yrs To Expand China NAND Chip Production

Samsung Electronics Co. (SMSN.L,SSNNF.OB,SSNLF.OB) said that it plans to invest about US$7 billion in China over the next three years to expand the production of NAND flash memory products.

The investment will be made by its Chinese subsidiary, Samsung China Semiconductor Co., located in Xian, the South Korean tech giant said in a regulatory filing.

by RTT Staff Writer

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