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Samsung Commits Another $18 Billion to Chip Production

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Jul 5, 2017, 7:24 AM   by Eric M. Zeman   @phonescooper

Samsung's new semiconductor fabrication line in Pyeongtaek, Korea has kicked off production of memory products and is shipping its first batch of modules to customers. Samsung broke ground on the plant two years ago to help expand its production capabilities of V-NAND chips. The company has invested about $13.5 billion in the plant and said it will pump another $18 billion into Pyeongtaek to ensure the facility can meet future demand for memory products. Samsung's memory chips are used by other manufacturers in devices such as smartphones and tablets. Samsung also plans to improve its manufacturing capabilities across a number of other business lines, including semiconductors, extreme ultra violet equipment, and OLED displays.

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