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Samsung denies plans for 3-D NAND investment

Tech giant Samsung Electronics on Wednesday officially denied news reports on its investment plans for high-end memory chip production lines.

The announcement comes after Korean news media reported that the semiconductor company was planning to invest around 25 trillion won ($21.2 billion) to beef up its production lines for 3-D NAND flash memory in Hwaseong, Gyeonggi Province.

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