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South Korea’s tech giant Samsung
products will increase investment at its chip Factory in China to boost
production of NAND flash memory chips our cumin song has more Samsung
Electronics will invest an additional 8 billion u.s. dollars into its memory
chip plant in Xi’an China by 2021 according to Chinese media Samsung
Electronics will use the additional investment to ramp up its production of
NAND flash memory chips which are used to hold data permanently and are found
in mobile devices USB flash drives and other electronic devices
this comes after Chinese Premier Li Keqiang said in October that a total of
15 billion dollars will be spent on Samsung’s second xi’an plant in 2017
samsung signed an MoU with the Chinese government to construct a second plant
at xi’an in announced plans to invest 7 billion dollars over three years
Samsung’s first xi’an plant has been manufacturing chips since 2014 a second
plant is expected to begin operations in the first half of next year once
complete the second plant is expected to produce 130,000 wafers a month the two
plants are Samsung’s only memory chip producing facilities outside South Korea
samsa holds nearly a third of the global market share in the NAND flash chip
business the South Korean tech giant’s investment
comes as the memory chip market is expected to rebound next year because of
limited supplies and rising demand for fifth-generation devices and networks
which could help further boost its position in NAND flash chips Tim Ezell
Arirang news