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Samsung Electronics (005930.KS) plans to increase chip production capacity at its largest semiconductor plant next year, despite forecasts of an economic slowdown, a South Korean newspaper reported late on Sunday.

The move contrasts with the scaling back of investment by rival chipmakers amid falling demand and a glut of chips.

Samsung plans to expand its P3 factory in Pyeongtaek, South Korea, by adding 12-inch wafers capacity for DRAM memory chips, the Seoul Economic Daily reported, citing unnamed industry sources. P3, which started production of cutting-edge NAND flash memory chips this year, is the company’s largest chip manufacturing facility.Samsung declined to comment on the report.

“We plan to stand behind our original infrastructure investment plans,” Han Jin-man, executive vice president of memory business at Samsung, said then.

 

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