Samsung spends $9.2 billion to increase fab capacity
 

Samsung Electronics has written a $9.2 billion to boost capacity at its new South Korean chip plant.

This represents a 64 percent increase over announced investment plans and is its biggest ever commitment to a single production facility.

It is being seen as a move to make semiconductors to offset slowing smartphone earnings.

The plant is scheduled to begin production in 2017 and will make DRAM memory chips and some mobile processors.

A Samsung spokeswoman said the firm has not decided on any additional investments or what products the new plant would make.

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