Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Decision on Investing in Memory Production Corp.

2nd Apr 2012 13:37

RNS Number : 6162A
Samsung Electronics Co. Ld
02 April 2012
 



 

 

Decision on Investing in

Memory Production Corporation in China

 

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.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCFMGGDZZMGZZM

Related Shares:

Samsung El.gdr
FTSE 100 Latest
Value8,632.33
Change89.77