Samsung C&T, Samsung Electronics almost double cost of finishing new chip line

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Samsung C&T, Samsung Electronics almost double cost of finishing new chip line
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Samsung C&T Corp and Samsung Electronics Co Ltd have almost doubled the size of ...

FILE PHOTO: Attendees at Samsung Electronics Co Ltd's Unpacked event test out the company's new devices in San Francisco, California, U.S., February 20, 2019 REUTERS/Stephen Nellis/File Photo

SEOUL - Samsung C&T Corp and Samsung Electronics Co Ltd have almost doubled the size of a contract related to the construction of a semiconductor production line, taking the project’s total cost to 1.46 trillion won . The contract covers finishing work on the line at Samsung Electronics’ Hwaseong plant on South Korea’s west coast, Samsung C&T said in a stock exchange filing after market close on Friday.The two companies added 739 billion won to the 723 billion won of the finishing work contract initially signed in September, Samsung C&T said. The work is due for completion by the end of April 2020, it said.

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