The South Korean gonverment said on Wednesday it had
approved a plan by Samsung to build a flash memory chip
plant in China seen costing some $4 billion.
The will produce NAND flash memory chips based on 10-
nanometer class technology, the S. Korean economy
ministry said Wednesday.
Samsung plans to begin the factory' s operation in the
second half of next year.
The plant will be able to produce 100,000 wafers of
12-inch size per month. Samsung began operating its
latest factory in South Korea from September last year
to mass produce 20-nano NAND flash memory chips.
According to Gartner, global demand for NAND flash
memory chips was expected to surge to 35.4 billion U.S.
dollars in 2015 from 20.6 billion dollars in 2010, with
China's portion of the global demand set to grow from
43 percent in 2010 to 55 percent in 2015.
Samsung is the world's biggest NAND flash memory maker
with around 40 percent of the market. It competes with
Japan's Toshiba, Hynix Semiconductor and Micron