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South Korean concern Samsung plans to develop the production of chips in China

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South Korean concern Samsung plans to develop the production of chips in China
August 28
09:00 2017

Samsung Electronics plans to develop a department for the production of memory chips. It’s about the chips that are used in smartphones and tablets.

The South Korean giant plans to invest $ 7 billion for these purposes. The management of the company said that three years were given for the fulfillment of the planned tasks.
The bulk of funds will be used to expand the production in the Chinese city of Xian.

Currently, Samsung is a market forward of the memory chips with a market share of 41%. Toshiba with 18% of the market is on the second place.
This news caused an increase in the value of shares of Samsung Electronics. The trend will continue.

The material was prepared with the participation of Andrey Majorov,
a leading analyst of the brokerage company CT Trade

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