Samsung Reveals Its China Chip Plant Will Cost $7 Billion, Making Its Biggest Ever Overseas Investment

Posted on Apr 3 2012 - 8:17am by Editorial Staff

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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