09-07-2017, 10:51 PM
Samsung Electronics Co. Ltd. has said it expects to spend $7 billion over the next three years to increase NAND memory chip production at its wafer fab in Xi'an, in northwest China. The company made the disclosure in a regulatory filing reported by numerous news agencies. In the filing Samsung said that it had approved $2.3 billion of spending out of an expected three-year investment of $7 billion. Samsung announced in July an investment of $18.6 billion in South Korea and said it would add a fab building at its NAND plant in Xi’an, China, but did not set an investment amount (see Samsung starts production at world's biggest fab ).
Samsung to spend $7bn on Chinese NAND expansion | eeNews Europe

