samsung nand Samsung secures approval for Chinese Flash memory plant

Samsung has been granted permission to build a Flash memory chip plant in China worth in the region of 5 trillion won ($4.5 billion) as the smartphone and tablet computer markets continue to boom.

Samsung has been granted permission to build a Flash memory chip plant in China worth in the region of 5 trillion won ($4.5 billion) as the smartphone and tablet computer markets continue to boom.

 
The Korean electronics giant announced the plan early last month, but was forced to seek approval from the South Korean government, which regulates foreign investment. The go-ahead was given this week on the provision that Samsung set up a committee to prevent potential leaks of its technology.
 
The location of the factory has yet to be decided. It will produce NAND chips using 20nm processing technology and will serve the growing Chinese market, which many see as a lucrative region for smartphone and tablet sales.
 
samsung nand Samsung secures approval for Chinese Flash memory plant
 
Samsung dominates the NAND Flash market with a 40 percent share, with many of the major players in the industry, such as Apple, relying on it for memory chips.
 
Mass production at the Chinese factory is expected to begin in late 2013, with plans to produce 100,000 wafers every month.
 
Source: Reuters