XI'AN, Dec. 13 (Xinhua) -- Samsung is investing further 8 billion U.S. dollars into the second phase of its memory chip plant in Xi'an, capital of northwest China's Shaanxi Province.
Construction on the second part of the plant's second phase has started, said Samsung Electronics vice president Kang Bong-yong in talks with the city's Party chief and mayor earlier this week.
With the new investment, the total investment in the chip plant reaches 25.8 billion U.S. dollars. Its first phase involved an investment of 10.8 billion U.S. dollars, while the second phase costs 15 billion U.S. dollars.
The first part of the second phase, with an investment of 7 billion yuan, is expected to be completed and put into operation next March. The second part is scheduled to be finished in the second half of 2021.
The second phase is designed to increase the monthly production capacity by 130,000 wafers.
Wang Hao, secretary of the Xi'an Municipal Committee of the Communist Party of China, said local authorities will continue to create a good business environment for Samsung Electronics.
The city has introduced a spate of measures to boost the development of the electronics and information industry, one of six advanced manufacturing industries in the city, said Wang.
