Samsung to invest $ 7 billion in the memory chip plant in China

Samsung Electronics, the world's largest producer of memory chips, plans to invest $ 7 billion in new plant chips in China. The company was forced to develop a lucrative Chinese market, but there were fears of technology leakage, which is why investment was postponed.

Samsung will initially invest $ 2.3 billion plant that will produce chips for smartphones, tablets and MP3-players. Over time, the company will increase the amount of investment.

Samsung said that the plant will be built to produce the required number of memory chips, helping to respond quickly to growing demand from customers and further strengthen competitiveness in the production of chips.

Samsung has received government approval to build a factory in the year. The expected launch of the plant will occur by the end of 2013.