Tech
»
2-min read

Samsung to Increase Memory Chip Production at China Plant

Samsung was in advanced talks with the Chinese authorities to add 3D NAND chip capacity in Xi'an, and that construction could begin before the year-end.

Reuters

Updated:May 29, 2017, 9:38 AM IST
facebookTwittergoogleskypewhatsapp
Samsung to Increase Memory Chip Production at China Plant
The logo of Samsung Electronics is seen in Seoul, South Korea, July 4, 2016. (Image: REUTERS/Kim Hong-Ji/File Photo)
Loading...

Tech giant Samsung Electronics Co Ltd said on Monday it is considering adding memory chip production capacity at its manufacturing base in China amid an industry-wide boom that will likely fuel record sales for memory suppliers.

The firm was considering adding capacity at its facility in Xi'an but no specifics, including the potential investment amount and what products it would make with the additional resources, had been decided, a Samsung spokesman said.

Samsung, the world's No.1 memory chip maker, has already invested $7 billion in the Xi'an facility to make 3D NAND memory chips. The chips are used for high-end data storage products on electronic devices such as smartphones, personal computers and data servers.

Also read: Google Refuses to Share Salary Data with US Government

South Korean media reports said earlier on Monday that Samsung was in advanced talks with the Chinese authorities to add 3D NAND chip capacity in Xi'an, and that construction could begin before the year-end.

The South Korean firm and other memory chip companies are expected to enjoy record revenue and profits in 2017, driven by growing demand for more processing firepower in consumer electronics, and diminishing production yield on investment as technology grows more sophisticated. Researcher IHS expects this year's memory industry revenue jump 32 percent to a record $104 billion.

Industry executives and analysts say 3D NAND suppliers will likely struggle to keep up with orders from clients throughout 2017.

Samsung and its rivals have been boosting 3D NAND investment accordingly. While Samsung has so far not given specific targets, it said in April that capital expenditures would rise significantly this year in part due to its plans to boost 3D NAND production capacity.

Also read: Hybrid Cloud is The Way to Go, Says IBM Executive



Catch the Biggest Newsmakers and the Biggest Newsbreaks on CNN-News18, your favourite English TV news channel. Keep watching CNN-News18 at just 50 Paise per Month. Contact your cable /DTH operator Now!
*Rental / capacity fee of Rs.130/- as charged by cable / DTH operator may apply. **GST extra.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results