On August 30, the Shaanxi Provincial People's Government signed a cooperation agreement with Samsung, announcing that Samsung would construct Phase 2 of the electronic chip project in Xi'an High-tech Industries Development Zone (XDZ), with an initial investment of USD7 billion.
This is the second investment of Samsung’s after it moved into XDZ in 2012, marking that the status of Xi'an as a global semiconductor industry base has become increasingly prominent.