logo
Plus   Neg
Share
Email

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 RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Facing criticism from the government's top ethics watchdog, Commerce Secretary Wilbur Ross revealed Thursday he will sell all of his remaining stock holdings. A well-known investor prior to joining President Donald Trump's administration, Ross acknowledged making inadvertent errors in completing the divestitures required by his ethics agreement. Worldwide personal-computer shipments grew for the first time in six years during the second quarter of 2018, according to preliminary data from two market research firms. Gartner Inc. said that worldwide PC shipments increased 1.4 percent year-over-year to 62.1 million units in the second quarter of 2018, marking the first quarter of growth since the first quarter of 2012. The Centers for Disease Control and Prevention or CDC has recommended people to not eat any Kellogg Co.'s Honey Smacks cereal as it has been linked to a multistate outbreak of salmonella infections. According to the CDC, 100 people in 33 states have been infected with the outbreak strain. While 30 people have been hospitalized, no deaths have been reported.
Follow RTT