Investments linked to expectations that memory market will recover next year
Citing Chinese media, the source said Samsung Electronics will increase its $ 8 billion investment in its memory factory in Xi’an. These tools will help to increase the release of NAND flash memory.
The investment is allegedly linked to expectations that the memory market will recover next year due to limited supplies and growing demand for fifth-generation devices and networks.
The South Korean manufacturer, which is the world’s largest supplier of NAND flash memory, has not confirmed information about new investments.
In 2017, he announced that he would invest $ 7 billion in a chip manufacturing company in Xi’an over three years. Previously, the company invested $ 10.8 billion in a factory located there to test and package crystals in cases.