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

  • Irving Shipbuilding looking to lure workers back east from Alberta
  • Southwest Requested More Time for Inspections, Second Engine Explosion Results in Tragedy
  • Space X's Falcon Heavy could explode with the force of a nuclear weapon; over 1400 airline flights delayed by space launches in 2018
  • Ontario trade mission to Korea focused on nuclear industry
  • Outperforming auto sector leads manufacturing "resurgence"
  • GTA food and beverage manufacturers launch Cluster to spur growth
  • Renault's autonomous float hover car by Yunchen Chai may be the automobile of the future — winner of a design competition from Renault
  • Pratt & Whitney Canada announces helicopter engine contracts
  • Test of SpaceX crew escape system goes off perfectly
  • New CEO chosen to take over Waterfront Toronto
  • Canadian high school student wins top prize at Intel International Science Fair
  • Strength to build on, but Canada still lags in industrial R&D
  • NASA Tests 3D Printed Rocket Part
  • Bombardier, NetJets launch new Challenger 350
  • Hopes high for Bombardier CSeries breakthrough at Farnborough Airshow
  • Consumer spending drives strong GDP growth in second quarter
  • Mining association head warns governments to keep hands off
  • Ontario Local Food Bill hailed by farm/food groups
  • Russian leasing company orders 42 CSeries jets from Bombardier
  • Siemens Canada announces order for 270-MW wind project in Ontario
Scroll to Top