(Bloomberg) -- Samsung Electronics Co., the world’s biggest maker of memory chips, announced 20.4 trillion won ($18 billion) of new investments to expand semiconductor output in South Korea.
After spending 15.6 trillion won on its Pyeongtaek plant south of Seoul, total investment in the facility will rise to 30 trillion won by 2021, it said in an statement Tuesday. The Suwon-based company will also commit 6 trillion won to expand production in Hwaseong while it also considers a new display manufacturing site for organic light-emitting diodes by 2018 and a second production line at Xi’an in China.
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