삼성전자, 중국 시안 반도체 공장 9.5조원 추가투자 공식화 South Korea's tech giant Samsung Electronics will increase investment at its chip factory in China to boost production of NAND flash memory chips.
Kim Hyesung reports.
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 and announced plans to invest seven billion dollars over three years.
Samsung's first Xi'an plant has been manufacturing chips since 2014.
Its second plant is expected to begin operations in the first half of next year.
Once complete, the second plant is expected to produce 130-thousand wafers a month.
The two plants are Samsung's only memory-chip producing facilities outside South Korea.
Samsung holds nearly a third of the global marketshare 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.
Kim Hyesung, Arirang News.
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