Samsung, the world's top memory chip maker, said the plant would be located in Pyeongtaek, roughly 75 kilometers (47 miles) south of Seoul. The company said it would create 150,000 jobs, equal to about a third of the city's population.Source: Reuters
The bet on chips comes as its smartphone business is being squeezed by Apple Inc in the premium segment and undercut by Chinese rivals like Lenovo Group Ltd in mid-to-low end. April-June operating profit for Samsung's mobile division fell in annual terms for the second straight quarter, the longest streak since at least 2011.
Samsung builds $14.7 billion fab - its largest plant ever
Posted on Tuesday, October 07 2014 @ 13:54 CEST by Thomas De Maesschalck