Samsung considering new chip lines in S.Korea

SEOUL, SOUTH KOREA: Samsung Electronics, the maker of memory chips, said on Friday it is considering building new chip production lines in a city located south of Seoul.

A Samsung spokesperson said it plans to sign a preliminary deal with the local government in charge on Dec. 23 regarding the use of the land.

Yonhap news agency quoted sources at the local government as saying Samsung plans to build the lines by 2016, but the spokesperson said details have yet to be decided.