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Samsung says no decision yet on investment for second memory chip plant in China's Xian

Added 05-17-19 10:03:01am EST - “South Korean tech giant Samsung Electronics Co Ltd said on Friday that it has no...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “Samsung says no decision yet on investment for second memory chip...”. Below is an excerpt from the article.

SEOUL (Reuters) - South Korean tech giant Samsung Electronics Co Ltd said on Friday that it has not decided on additional investment in a second memory chip production line in the Chinese city of Xian, denying an earlier report by the Chinese state media Xinhua.

Xinhua news agency earlier on Friday had quoted Samsung Vice President Ji Hyun-ki as saying that the group would spend more than $14 billion in the second phase of investment in its memory chip plant in Xian.

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