Samsung Electronics Co announced investments worth US$1.9bil (RM8.16bil) in two US plants as South Korean President Moon Jae-in prepares for a summit with US President Donald Trump.
Samsung will spend US$1.5bil (RM6.44bil) on its semiconductor factory in Texas and build a US$380mil (RM1.63bil) plant in South Carolina for home appliances. Both investments will be carried out until 2020, according to statements from the company and South Korea’s chamber of commerce.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
