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"No Investment Postponement at Xi'an Plant"...Samsung Electronics

February 17, 2014 21:11 l February 17, 2014 21:11

Samsung Electronics denied news reports that it has postponed its second-stage investment plan for a 3D NAND flash memory chip plant under construction in Xi'an, China. A company official said on February 17, "The Xi'an plant is being built without any delays and it is expected to be operational by the first half this year as scheduled."

The official added, "If the second-stage investment means ramp-up after production launch, then it depends on how the market changes in the near future." On the same day, several news outlets in Korea and elsewhere reported that the world's largest chip maker decided to shelve its investment plan for Xi'an for reasons of technical glitches found in the V-NAND flash chips.

Immediately after the reports were out, most semiconductor equipment shares fell across the board. At 2:20 pm on the 17th, the shares of Wonik IPS were traded at 8,950 won, down 7.64 percent from the previous day's 8,210 won. Other semiconductor equipment stocks such as Tess and Eugene Tech saw their prices fall 5.51 percent and 1.79 percent, respectively, to 11,150 won and 19,150 won.

A Samsung official said, "The news reports that there were technical problems are far from the truth. Our 24-layer V-NAND chips are already in the mass-production stage while the 32-layer ones are under development."

kyoung@hankyung.com
enews@hankyung.com