Decision on Investing in Memory Production Corporation in Chinaon
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.