Samsung Electronics completes talks for $3.9 billion U.S. chip expansion

SEOUL Thu Dec 20, 2012 9:09am EST

Samsung flags are set up at the main entrance to the Berlin fair ground before the IFA consumer electronics fair in Berlin, August 28, 2012. REUTERS/Tobias Schwarz

Samsung flags are set up at the main entrance to the Berlin fair ground before the IFA consumer electronics fair in Berlin, August 28, 2012.

Credit: Reuters/Tobias Schwarz

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SEOUL (Reuters) - South Korea's Samsung Electronics Co Ltd, the world's No.1 memory-chip maker, said on Thursday it has completed talks with the state government of Texas where it plans to invest $3.9 billion to expand system-chip production lines and that the expansion would proceed.

(Reporting by Ju-min Park and Se Young Lee; Editing by Matt Driskill)

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