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Samsung to spend $7 billion on mobile-chip plant in China

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Battar

4/4/2012 9:39 AM EDT

How many mobile devices with Samsung IC's have to be sold to reach break-even, ...

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Samsung Electronics Co., the world’s largest maker of computer-memory chips, will spend $7 billion building a semiconductor factory in China as demand grows, fueled by mobile devices including Apple Inc.’s iPhone and iPad.

The company will invest $2.3 billion initially in the Xi’an plant, Suwon, South Korea-based Samsung said in a regulatory filing today. The factory will start producing semiconductors known as NAND flash next year.

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Battar

4/4/2012 9:39 AM EDT

How many mobile devices with Samsung IC's have to be sold to reach break-even, then?

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