Samsung Electronics to begin investing in new memory chip line in South Korea, says report

Samsung Electronics Co Ltd has decided to begin initial investment to build a new memory chip line at its production facilities in South Korea, wire service Yonhap reported on Wednesday.

Written by Reuters

Seoul

February 7, 2018 08:02 IST

Samsung Electronics, South Korean tech giant, Samsung, iPhones, OLED screens, Apple

Analysts said Samsung likely recorded lower profit in its display business that supplies OLED screens for Apple's iPhones but strong demand for memory chips outweighed weaker display sales.

Samsung Electronics Co Ltd has decided to begin initial investment to build a new memory chip line at its production facilities in South Korea, wire service Yonhap reported on Wednesday. A Samsung Electronics management committee decided earlier on Wednesday to begin constructing a foundation for a new memory chip line in Pyeongtaek, Yonhap reported, citing an unnamed industry source. Samsung Electronics declined to comment.

(Further details awaited)

This article was first uploaded on February seven, twenty eighteen, at two minutes past eight in the morning.