Samsung plans to increase Chinese chip factory investment to $ 8 billion to increase production

Samsung Electronics plans to increase investment in Chinese chip factories to 8 billion US dollars to increase NAND flash memory chip production.

Samsung’s increased investment comes as memory chip prices are expected to rebound next year. Due to limited supply, the market’s demand for 5G equipment and networks is also rising. Samsung is the world’s largest manufacturer of NAND flash memory chips, which can be used in mobile devices, memory cards, USB flash drives and solid state drives.

In 2017, Samsung announced that it would invest $ 7 billion in a NAND flash chip factory in Xi’an within three years. Prior to these investments, the company had invested $ 10.8 billion in a testing and packaging facility in Xi’an. Samsung declined to comment.

Samsung’s competitors in the field of NAND flash memory include South Korea’s SK Hynix and Micron Technology of the United States and Toshiba of Japan. Several Chinese companies are also trying to enter the memory field. Not enough to compete with these giants.

This fall, Yangtze River Storage Technology Co., Ltd. (YMTC) announced that it will begin mass production of 64-layer 3D NAND chips, a benchmark followed by most leading industry companies

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