Samsung announced it will invest $7 billion on a NAND flash wafer fab in Xian, a city in the northwest of China. Full details at EE Times.
Samsung announced it was looking to build NAND flash memory fab from which it could service Chinese makers of smartphones and tablet computers in December 2011. It was reported at the time that the plant would likely begin production with a 20-nm class manufacturing process and was intended to be in commercial production before the end of 2013.
Samsung is reported to have said Monday (April 2) that it will spend $2.3 billion on the first stage of construction of the plant with a total of $7 billion to be spent over the next few years. Although Samsung has wafer fabs in Austin, Texas, the Xian wafer fab would represent the company's largest overseas investment in chip production, a Bloomberg report said.