Samsung Elec says new South Korea chip plant to start production in H1 2017

HUGE INVESTMENT: Samsung has said it will invest 15.6tril won (RM51.02bil) in the facility, the biggest amount it has ever committed to a single plant.

PYEONGTAEK, South Korea: Samsung Electronics Co Ltd said its new US$14bil (RM49.93bil) South Korean chip plant, which is expected to help drive growth as smartphone earnings slow, will start production sometime in the first half of 2017. 

The world's No 2 chip maker by revenue did not specify what products will be made at the new production line, which will be built in the city of Pyeongtaek, south of Seoul.