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Samsung eyes Huawei and Foxconn with $8bn China chip investment

Company bolsters Xi'an flash memory factory after visit by Li Keqiang

This plant in Xi'an, China is Samsung Electronics' sole semiconductor production facility outside of South Korea.   © Samsung Electronics

SEOUL -- Samsung Electronics said Friday it will invest an additional $8 billion in a Chinese memory chip plant, increasing its capacity to supply local smartphone makers like Huawei Technologies.

The plant in the city of Xi'an is Samsung's sole memory factory outside of its native South Korea. The funds will go toward expanding the second phase of the campus, which will become entirely operational in 2021.

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