Samsung's biggest investments in China

GadgetFan - Samsung has confirmed that they will invest an estimated U.S. $ 7 billion for the development of chip manufacturing plants in China. This makes what is done by native Korean electronics giant, became the largest investment ever undertaken abroad.
According to news reported from the Economic Times reported that Samsung has invested U.S. reveals $ 2.3 billion for the initial capital, the investment that they expect will swallow the total cost up to U.S. $ 7 billion.
Last month, Samsung just revealed details of the operation with the largest investment abroad and will be based in the northwestern city of Xian, but today it is the first time that Samsung revealed a total investment cost.
This plan was first conceived in 2011 and early 2012 the South Korean government gave the green light to continue the Samsung project. Although it is still awaiting final approval from the Government of China, Samsung is optimistic that the new plant will be up and running in the second half of 2013.