Samsung Electronics Co.'s board on Tuesday approved a plan to
invest 1.467 trillion won ($1.23 billion) in its 12th memory chip production line, according to a report from Dow Jones.
News of the investment came in a
disclosure to the Korea Stock Exchange, the report said.
The fab reportedly will be located in Hwasung, Kyunggido, south of Seoul, to
mass produce DRAMs and flash memory chips.
A spokesman for Samsung in Silicon Valley said he was unable to confirm the Dow Jones report, which broke as Korea began celebrating the New Year's Day holiday.