AIRLINK 199.00 Increased By ▲ 1.03 (0.52%)
BOP 9.96 Decreased By ▼ -0.08 (-0.8%)
CNERGY 7.52 Increased By ▲ 0.23 (3.16%)
FCCL 39.15 Increased By ▲ 3.15 (8.75%)
FFL 16.78 Decreased By ▼ -0.13 (-0.77%)
FLYNG 27.54 Increased By ▲ 2.50 (9.98%)
HUBC 135.40 Increased By ▲ 1.37 (1.02%)
HUMNL 14.21 Increased By ▲ 0.07 (0.5%)
KEL 4.78 No Change ▼ 0.00 (0%)
KOSM 6.79 Decreased By ▼ -0.15 (-2.16%)
MLCF 46.40 Increased By ▲ 1.42 (3.16%)
OGDC 216.75 Decreased By ▼ -1.48 (-0.68%)
PACE 7.00 Increased By ▲ 0.06 (0.86%)
PAEL 41.45 Increased By ▲ 0.03 (0.07%)
PIAHCLA 17.04 Increased By ▲ 0.18 (1.07%)
PIBTL 8.58 Increased By ▲ 0.12 (1.42%)
POWER 9.81 Increased By ▲ 0.42 (4.47%)
PPL 183.90 Decreased By ▼ -2.03 (-1.09%)
PRL 42.28 Increased By ▲ 1.01 (2.45%)
PTC 25.00 Increased By ▲ 0.23 (0.93%)
SEARL 104.75 Increased By ▲ 0.10 (0.1%)
SILK 1.01 No Change ▼ 0.00 (0%)
SSGC 40.49 Decreased By ▼ -0.42 (-1.03%)
SYM 17.90 Decreased By ▼ -0.15 (-0.83%)
TELE 8.88 Decreased By ▼ -0.03 (-0.34%)
TPLP 12.93 Increased By ▲ 0.09 (0.7%)
TRG 66.46 Decreased By ▼ -0.14 (-0.21%)
WAVESAPP 11.34 Increased By ▲ 0.04 (0.35%)
WTL 1.77 Decreased By ▼ -0.01 (-0.56%)
YOUW 4.00 No Change ▼ 0.00 (0%)
BR100 12,144 Increased By 34.3 (0.28%)
BR30 36,871 Increased By 273.3 (0.75%)
KSE100 115,006 Decreased By -36.6 (-0.03%)
KSE30 36,148 Decreased By -51.7 (-0.14%)
Technology Print 2019-12-16

Samsung to invest an extra $8 billion in China chip plant

Samsung Electronics will increase investment at its chip factory in China by $8 billion to boost production of NAND flash memory chips, Chinese media reported on Tuesday. The South Korean group's investment comes as the memory market is expected to reboun
Published 16 Dec, 2019 12:00am

Samsung Electronics will increase investment at its chip factory in China by $8 billion to boost production of NAND flash memory chips, Chinese media reported on Tuesday. The South Korean group's investment comes as the memory market is expected to rebound next year because of limited supplies and rising demand for fifth-generation devices and networks.

Samsung is the world's largest maker of NAND flash memory chips, which can hold data permanently and are found in mobile devices, memory cards, USB flash drives and solid-state drives. In 2017, Samsung announced that it would invest $7 billion over three years in its Xi'an plant that produces NAND flash memory chips. Those investment phases follow an earlier $10.8 billion investment into a testing and packaging plant in Xi'an.

Copyright Reuters, 2019

Comments

Comments are closed.