The South-Korean giant Samsung has revealed that its China chip plant will cost $7 billion to it. The company would spend $7 billion in order to build a NAND memory chip plant in China making its largest overseas chip production investment plan, reports Economic Times.
The South Korean firm announced on Monday an initial investment of $2.3 billion in the multi-year project and said it would cost $7 billion in total. Samsung, the world’s largest memory chip maker, said last month that it had decided to build its first chip manufacturing plant in China in Xian, Shannxi province.
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