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Samsung plans to invest $18.6 billion in South Korea

To extend its lead in memory chips and next-generation smartphone displays

Se Young Lee & Joyce Lee  |  Seoul 

Samsung Electronics Co Ltd said on Tuesday it will invest at least $18.6 billion in South Korea to extend its lead in memory chips and next-generation smartphone displays, in a plan that promises to create almost half a million jobs.   The investment underscores Samsung's determination to widen its lead in memory chips, which are expected to propel Asia's third most-valuable company to record profit this year. It routinely invests more than $10 billion in chips annually, helping it stay ahead of competitors such as cross-town rival SK Hynix Inc and Japan's Toshiba ...

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First Published: Wed, July 05 2017. 02:15 IST
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