Samsung to Invest $7 bn in China Fab

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Samsung Electronics to Invest $7 bn to Boost China NAND Chip Output

The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, August 25, 2017. A Samsung Electronics spokesman declined to comment on the amount of capacity to be added with the confirmed or planned investment. The company accounted for 38.3 % of universal NAND flash memory chip income in April-June, the latest information from investigator IHS showed. China is trying to develop its own memory chip producers however it is likely to be several years before they could compete with existing makers, analysts said. Samsung Electronics told a memory chip boom which propelled it to record profit in the 2nd quarter was likely to still in the July-to-September quarter.
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Samsung to Invest $7 bn for Flash-Memory produce in China

Samsung to Invest $7 bn for Flash-Memory produce in ChinaWe're seeing some phone OEMs losing money these days, however Samsung certainly isn't 1 of them. They're continuing to invest in their OLED produce capabilities with a $2 bn bargain being finalized at the begin of this year. Samsung is aware of this and going to this time be investing $7 bn over a 3-year period on its plant in Xi'an. So if you're Utilizing a microSD card in your smartphone, or a USB flash drive in your computer, you're Utilizing NAND memory in those products. Q1 of this year showed Samsung with 41% of the NAND market and their biggest competitor here is Toshiba with only 18%.


collected by :Molly Tony