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Samsung Electronics says undecided on further investment in its China NAND plant

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South Korea's Samsung Electronics Co Ltd said on Friday that it has not dec...

FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, March 23, 2018. REUTERS/Kim Hong-Ji/File Photo

Xinhua earlier on Friday had quoted the company’s vice president Ji Hyun-ki as saying that the group would spend more than $14 billion in the second phase of investment in its memory chip plant in Xian. “The second-phase amount of investment in the second production line has not been decided and will depend on market conditions,” the South Korean tech giant said in a statement to Reuters, in response to the Xinhua report.

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