by Anton Shilov
04/03/2012 | 11:51 PM
Samsung Electronics this week unveiled plans to invest $7 billion into plants in China that will produce various products, including NAND flash memory using leading-edge. The first plant will cost $2.3 billion and its construction is said to be started shortly.
The first manufacturing facility that Samsing is considering is a 10nm-class NAND flash memory production line in Xi’an, China. In a bid to meet growing market demand for NAND products, Samsung will invest $2.3 billion into the new plant. In total, Samsung will invest $7 billion over the next several years in total into various Chinese production facilities.
“A single factory of this size could be the largest in the industry. For NAND flash, China will be a key production site, along with Korea,” said Seo Won Seok, an analyst at Korea Investment & Securities, reports Bloomberg Businessweek web-site.
Given the population of China as well as large contract makers of electronics in the country, China is set to become the world's largest consumer of NAND flash memory in the coming years. Therefore, it is logical to build a big memory production site in the country in the short-term future and then expand capacities in mid-term and long-term future.