Samsung says ‘open to’ more chip lines in China

By Korea Herald
  • Published : May 9, 2014 - 21:29
  • Updated : May 9, 2014 - 21:29
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 increase its investment to $10 billion in the Xian plant, Kim replied, “We are open to more investment.”

“The Chinese market accounts for about 50 percent of global demand for NAND memory chips. So, we are actively considering investing more in China,” Kim said. (Yonhap)