Samsung will invest $7 Billion for NAND flash-memory manufacturing in China

Over three years, Samsung Electronics Co. — who are themselves the world’s largest maker of memory chips —  will invest $7 Billion on the production of flash memory in China. Samsung already has memory and cards made in China.

 

Samsung NAND memory. Samsung has committed to $7 Billion in production for China. Nand memory is used mostly in smart phones. NOTE: The memory to produced will not be as shown above.

 

The new commitment will fulfil a rapidly growing demand for NAND flash memory — specifically used in smart phones and connected evices (such as smart refrigerators). Samsung had previously announced an investment of $18.6 Billion in South Korea.

 

 

Samsung produces 38.3 percent of global NAND flash memory chips (as of data April to June 2017 from IHS.) It is memory chip dominance that gave Samsung a record second quarter 2017, and Samsung expects the trend to continue in the third quarter, July – September numbers. Samsung’s command of the market is approximately double rival Toshiba Corp — who developed the technology behind NAND (according to Bloomberg from IDC).

Did you miss this?

Other Popular Stories

  • Energy storage system uses rail cars, gravity to mimic hydro
  • Within 10 years, almost 50 percent of retail jobs may disappear to automation
  • Airbus Helicopters announces new production at Fort Erie plant
  • CFB Goose Bay awards $100 million service contract to Serco
  • Research: What is the temperature effect on battery backs in Electric Vehicles: charging up to 3 times longer in coldest temperatures
  • Valves essential component of safe oil pipeline
  • MRO in space: Inside a routine Maintenance-Repair-and-Overhaul mission with NASA: sealing, lubricating and keeping cool
  • Cement industry opposes wood construction in taller buildings
  • Canadian cleantech sector strong in research, innovation, but weak in commercialization
  • Expect record-high auto sales in 2015: Scotiabank
  • Industrial chemicals producers report second-most profitable year
  • Scientists Improve Behavior of Quantum Dots
  • Ontario economy set to grow based on exports, weaker dollar
  • Siemens Canada, Manitoba Hydro sign $800 million contract
  • Volvo will use DME to fuel heavy-duty trucks in North America
  • Researchers claim potential improvement in solar cell efficiency
  • FirstEnergy of Calgary to host ninth London Global Energy Conference
  • Bruce Power nuclear deal good for Ontario manufacturers: CME
  • Bankrupt hockey skate manufacturer bought by Canadian investors
  • Davie shipyard delivers "most complex" vessel ever built in NA
Scroll to Top