Samsung Elec says undecided on further investment in its China NAND plant

SEOUL: South Korea’s 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 a report by China’s official Xinhua news agency.

Xinhua earlier on Friday had quoted the company’s 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.

In 2017, the world’s top memory chip maker announced that it would invest $7 billion over the next three years in its Xian plant that produces NAND flash memory chips.