Samsung plans big investment to widen chip lead



Samsung Electronics says it will invest at least $18.6 billion in South Korea to extend its lead in memory chips and next-generation smartphone displays, in a plan that promises to create almost half a million jobs. As Sonia Legg reports, the investment underscores Samsung’s determination to widen its lead in memory chips, and stay ahead of competitors such as cross-town rival SK Hynix Inc and Japan’s Toshiba Corp.

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