On April 2, 2012, the BOD of Samsung Electronics approved investment for establishing an overseas memory production corporation in China. The company is considering establishing a 10nm-class NAND Flash memory production line in Xi’an, China to meet growing market demand for NAND products.
- Investment amount: USD2.3 billion
- KRW2.6 trillion (based on March 30 KRW/USD rate of KRW1,133)
- USD 2.3 billion is part of the total investment amount of USD7 billion to be
invested over the next several years.
* Total shares to be issued, and the date of investment, etc. are yet to be determined
and will be disclosed as soon as decisions are made.