Samsung denies news report of planning to invest $21.22 billion into 3D memory chips.
Korean electronics giant Samsung Electronics has stated that local media news reports of its plans of investing $21.22 billion (25 trillion won) into 3D NAND memory chips, as false.
Incidentally, Samsung is the world’s biggest memory chip manufacturer.
During a regulatory filing, Samsung has said that the news report that appeared in the Korea Economic Daily vis-à-vis its investment plans, were inaccurate.
It has yet to make any specific plans for this purpose.