Korea Business News Agency - NSP NEWS AGENCY.

(서울=NSP통신) soon ki Lee Journali = Samsung Electronics will invest an additional $ 8 billion(approximately KRW 9.5 trillion) in China's Xi’an Semiconductor 2 Plant.

According to the website of Xi’an city government, on the 10th, Samsung Electronics announced such investment intention when meeting with Wang Hao, Secretary of Xi’an city.

In August 2017, Samsung Electronics announced a $ 7 billion investment plan(approximately KRW 8.3 trillion) for the Xi’an 2nd plant for three years. Stage 1 investment is to be completed in March next year.

The second stage investment is $ 8 billion and will be completed in the second half of 2021.
After the completion of this second stage, the 3D NAND flash output of the Xi’an 2 plant is expected to be 130,000 units per month.

“Thank you for promoting Samsung’s cooperation with Xi’an,” said Wang Hao, Secretary, “We will do our best to create a good environment for Samsung Electronics and guarantee project services.”

NSP News Agency soon ki Lee Journalist s8789@nspna.com
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