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| Saturday, August 30, 2008 05:48:38 |
Samsung heavily invests in China R&D
South Korea’s Samsung Electronics plans to triple current investment in research and development in China by 2010, cited Forbes and Shanghai Securities News. The company will also build a new chip production line in Suzhou.
Samsung spokesman Ken Noh told XFN-Asia that the company has targeted chip sales in China of 5.5 billion US in 2010.
At the end of 2005, Samsung has invested a total of 4.5 billion US in China, while sales in the mainland last year reached 17.1 billion US, according to the report.
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