Samsung Electronics Co. said it is spending $1.9 billion tobuild a new logic chip factory in South Korea to capitalize on demand formobile devices.
The South Korean company said Thursday that the new plant inSouth Korean city of Hwaseong will manufacture application processors forsmartphones and tablet computers.
Samsung aims to complete the line before the end of 2013after breaking ground this month.
Samsung is the world's largest supplier of memory chips. Itbegan pumping up investment in non-memory chips only recently.