March 15, 2018 / 2:29 AM / 9 days ago

Samsung Elec says to break ground on new China memory chip line this month

SEOUL, March 15 (Reuters) - Samsung Electronics Co Ltd plans to begin breaking ground for a new memory chip production line in China in late March, a spokesman said on Thursday.

The tech giant said in August last year that it expected to invest $7 billion over the next three years to expand its NAND memory chip production in China’s northwestern city of Xi’an, but had not specified a future schedule.

Reporting by Joyce Lee

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