Samsung invests $7 bn in Chinese semiconductor plant

Samsung invests $7 bn in Chinese semiconductor plant

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Seoul-based Samsung Electronics announced on Wednesday, March 28, it plans to double the production capacity of NAND flash memory circuits by investing $7 billion dollars in a semiconductor plant in Shaanxi Province, China, according to Nikkei Asian Review.

The production of chips that mainly store images and text on electronic devices such as smartphones, will increase in numbers in an attempt to showcase Samsung’s commitment to China, the largest importer of South Korean semiconductor products.

The Korean electronics titan, that owns its own private army, plans to spend the $7 billion over the next three years in order to raise production capacity at the Chinese plant to a scale equivalent to more than 200,000 units of 300-mm silicon wafers, which is double the current scale.

The new production line is expected to manufacture cutting-edge, three-dimensional flash memory chips, which have significantly higher data capacity than existing products.

The latest investment puts Samsung’s total investment in the plant to over $18.8 billion, including the approximately $12.7 billion required to build the first production line.

Kim Ki-nam, president, and CEO of Samsung Electronics’ device solutions division said the company will deliver top-notch semiconductor products to customers.

Source: Nikkei Asian Review – Kenichi Yamada