Samsung to spend $7bn on Chinese NAND expansion

August 30, 2017 // By Peter Clarke
Samsung to spend $7bn on Chinese NAND expansion
Samsung Electronics Co. Ltd. has said it expects to spend $7 billion over the next three years to increase NAND memory chip production at its wafer fab in Xi'an, in northwest China.

The company made the disclosure in a regulatory filing reported by numerous news agencies. In the filing Samsung said that it had approved $2.3 billion of spending out of an expected three-year investment of $7 billion.

Samsung announced in July an investment of $18.6 billion in South Korea and said it would add a fab building at its NAND plant in Xi’an, China, but did not set an investment amount (see Samsung starts production at world's biggest fab ).

Samsung is reckoned to control about 38 percent of the NAND flash memory IC market and leads rivals SK Hynix, Toshiba and Micron.

Related links and articles:

Samsung starts production at world's biggest fab

SK Hynix takes 3D-NAND to 72 layers

China's ARM twist underlines strategic nature of tech


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