Samsung Electronics denies report of planned 25 trillion won NAND investment

Tech giant Samsung Electronics Co Ltd said on Wednesday a local media report of the firm’s plans to invest 25 trillion won ($21.22 billion) by next year to boost 3D NAND memory chip capacity was not true.

Samsung, the world’s top memory chip maker, said in a regulatory filing the report by the Korea Economic Daily on its chip investment plans was not accurate and that it has not yet decided on specific investment plans.

Source: Reuters