Samsung Electronics, the world's biggest memory-chip maker, has unveiled plans to invest $7bn (£4.4bn) towards building a chip factory in China.
Samsung will initially invest $2.3bn in the plant, which will make chips for smartphones, tablets and MP3 players, and increase its investment gradually.
The firm has been looking to tap into the lucrative Chinese market, but there have been fears of technology leaks.
Samsung won a government approval to build the plant earlier this year.
In an emailed statement to the BBC, Samsung said the new facility will help it "rapidly respond to meet the fast-growing demand from customers and further strengthen competitiveness in the memory industry".
The plant is expected to start production by the end of 2013.
Source & Image : BBC
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