Samsung Elec to invest $3.5 billion in U.S. chip plant

"Samsung remains focused on DRAM right now, but it has to take a step to boost NAND given Toshiba's aggressiveness" Samsung Electronics Co. Ltd., the world's largest memory chip maker, said it would invest $3.5 billion in its 10-year-old U.S. chip plant by 2008 to produce flash memory chips. via International Business Times - Original Story