Samsung to invest 24 billion dollars in new chip lines

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South Korea's Samsung Electronics, the world's largest memory chipmaker, said it would invest 24 billion dollars in new chip production lines over the next six years.

The plan was unveiled by Samsung Group chairman Lee Kun-Hee at a meeting with Samsung Electronics executives to mark the firm's 30th anniversary in the semiconductor business.

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Wolfgang Gruener
Wolfgang Gruener
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Wolfgang Gruener is an experienced professional in digital strategy and content, specializing in web strategy, content architecture, user experience, and applying AI in content operations within the insurtech industry. His previous roles include Director, Digital Strategy and Content Experience at American Eagle, Managing Editor at TG Daily, and contributing to publications like Tom's Guide and Tom's Hardware.