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  • Samsung Electronics Co Ltd said on Tuesday it plans to invest at least KRW 21.4 trillion ($18.63 billion or roughly Rs. 1,20,732 crores) in South Korea as it seeks to extend its lead in memory chips and next-generation displays for smartphones.The world's biggest memory chip maker by revenue said the spending includes KRW 14.4 trillion by 2021 on its new NAND factory in Pyeongtaek. It will invest KRW 6 trillion in a new semiconductor production line in Hwaseong, but did not elaborate on timing or product.The firm will also add a production line to its NAND plant in Xi'an, China, in response to booming demand for long-term data storage chips. It has not set an investment amount or time frame.Samsung and other memory makers are widely expected to post record profit in 2017 as a persistent shortage and demand for more capability in smartphones and servers lift prices. Industry sources and analysts said the shortage is more acute for NAND chips due to increasing adoption of hi..

    Samsung Plans $18.6 Billion Investment, Seeks to Extend Chip and Display Lead

    Samsung Electronics Co Ltd said on Tuesday it plans to invest at least KRW 21.4 trillion ($18.63 billion or roughly Rs. 1,20,732 crores) in South Korea as it seeks to extend its lead in memory chips and next-generation displays for smartphones.The world's biggest memory chip maker by revenue said the spending includes KRW 14.4 trillion by 2021 on its new NAND factory in Pyeongtaek. It will invest KRW 6 trillion in a new semiconductor production line in Hwaseong, but did not elaborate on timing or product.The firm will also add a production line to its NAND plant in Xi'an, China, in response to booming demand for long-term data storage chips. It has not set an investment amount or time frame.Samsung and other memory makers are widely expected to post record profit in 2017 as a persistent shortage and demand for more capability in smartphones and servers lift prices. Industry sources and analysts said the shortage is more acute for NAND chips due to increasing adoption of hi..
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  • Phoenix Suns owner Robert Sarver has extended the contract of general manager Ryan McDonough through the 2019-20 season and hired longtime NBA player James Jones as vice president of basketball operations.

    Phoenix Suns extend GM Ryan McDonough, hire James Jones

    Phoenix Suns owner Robert Sarver has extended the contract of general manager Ryan McDonough through the 2019-20 season and hired longtime NBA player James Jones as vice president of basketball operations.
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