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Samsung going big on memory chips

It plans to invest at least 21.4 trillion won in South Korea as it seeks to extend its lead in chip making

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Samsung and other memory chip makers are widely expected to post record profits in 2017. Analysts said demand for NAND chips is due to increasing adoption of high-end storage products.

Seoul

SAMSUNG Electronics Co Ltd said on Tuesday it plans to invest at least 21.4 trillion won (S$25.7 billion) in South Korea as it seeks to extend its lead in memory chips and next-generation displays for smartphones.

The world's biggest memory chip maker by revenue said that the

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