Samsung going big on memory chips

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 spending includes 14.4 trillion won by 2021 on its new NAND factory in Pyeongtaek. It will invest six trillion won in a new semiconductor production line in Hwaseong, but did not elaborate on timing or product.

The firm will also add a production line to its NAND plant in Xian, China, in response to booming demand for long-term data storage chips. It has not set an investment amount or ti…