China: Samsung Electronics to invest additional $3 billion to boost chip production lines.
Samsung Electronics Co., The World's Largest chipmaker, signaled Friday that it could Invest an additional $ 3 billion to Boost chip Production lines at its new plant here, saying it is "Open to More Investment" in China.
Kim Ki-Nam, Head of Samsung's memory chip business Division, made the remarks at a Meeting with a Group of South Korean correspondents as Samsung began mass producing a faster and higher-Capacity Version of Flash memory Chips at its $ 7 billion plant in Xian.
Asked About market speculation that Samsung may Investment to Increase its $ 10 billion in the plant Xian, Kim replied, "We are Open to More Investment." "About The Chinese market accounts for 50 percent of global demand for NAND memory Chips. So, we are actively considering investing more in China, "Kim said.