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Business

Samsung plans $18bn chip investment as Toshiba founders

South Korean powerhouse to boost production capacity as memory demand heats up

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  © Reuters

SEOUL -- Samsung Electronics will spend around 20.4 trillion won ($17.7 billion) to increase production of flash memory for smartphones and other devices, aiming to cement its market dominance as embattled rival Toshiba struggles to sell its semiconductor operations.

New flash memory hub

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