Samsung undecided on 3D NAND flash investment in China


Seoul, May 29 (IANS): Samsung Electronics on Monday said it has not reached a decision on investing funds to expand its 3D NAND flash facilities in China.

3D NAND flash is a type of flash memory in which the memory cells are stacked vertically in multiple layers.

Through a regulatory filing, the South Korean tech giant said it is considering various options on the NAND flash business, including making an investment in China, but made clear nothing has been fixed at present.

The announcement was made through a regulatory filing under request of the main bourse operator Korea Exchange earlier following rumours, Yonhap reported.

Samsung said it will make an additional regulatory filing related to the issue within a month.

The world's second largest computer chip company earlier was seen as investing around $8.91 billion into the new Chinese production line to meet rising demand.

The South Korean tech giant accounted for 37.1 per cent of the global NAND flash market, including 3D models, in the fourth quarter of 2016.

  

Top Stories


Leave a Comment

Title: Samsung undecided on 3D NAND flash investment in China



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.