Samsung Elec to begin investing in new memory chip line in South Korea: Yonhap

Reuters News
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Posted: Feb 06, 2018 9:13 PM

SEOUL (Reuters) - Samsung Electronics Co Ltd has decided to begin initial investment to build a new memory chip line at its production facilities in South Korea, wire service Yonhap reported on Wednesday.

A Samsung Electronics management committee decided earlier on Wednesday to begin constructing a foundation for a new memory chip line in Pyeongtaek, Yonhap reported, citing an unnamed industry source.

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Samsung Electronics declined to comment.

(Reporting by Joyce Lee; editing by Richard Pullin)