Samsung begins construction of US$14.3b chip plant
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Seoul
SAMSUNG kicked off on Thursday the construction of a new chip plant to help fuel growth as smartphone sales slow, saying it would invest 15.6 trillion won (S$19 billion) until production begins in 2017.
The South Korean electronics giant, which has seen a surge in demand for chips, broke ground on the new plant in the city of Pyeongtaek, 70km south of Seoul.
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