Reuters reports Samsung plans to build a flash memory chip plant in China. If approved, the $4 billion plant will be Samsung's second overseas chip fab.
Samsung Electronics said on Tuesday it plans to build a flash memory chip plant in China, seen costing some $4 billion, as a boom in smartphones and tablet computers is set to fuel the $22 billion chip industry's growth next year.
The plant, if approved, would be Samsung's second overseas chip manufacturing site and reflects the growing importance of Chinese market. Samsung, the world's top maker of memory chips and flat screens, is also planning to build a flat-screen production base in China.
The new line "will enable us to meet fast growing demand from our customers and at the same time strengthen our overall competitiveness in the memory industry," the president of Samsung's memory business, Jun Dong-soo, said in a statement. The company said it hoped to have the new line operating by 2013.