Seoul approves Samsung's new investment in China

January 4, 2012

South Korea on Wednesday approved Samsung Electronics' plan to build a new plant in China to produce high-tech memory chips used in tablets and smartphones, the Ministry of Knowledge Economy said.

Following the approval, the world's largest memory chip maker will select a site for the plant and seek Chinese government permission with a view to starting production in 2013, the ministry said in a statement.

South Korean firms need when they build strategic, key or sensitive factories abroad.

Samsung had requested permission for its planned export of key technology relating to NAND flash memory chips. When completed, the plant will produce 10,000 12-inch wafers per month.

The approval comes after a 10-member technology security committee met twice last month to consider Samsung's need to invest in China and the risks of technology leaks.

Jun Dong-Soo, president of memory business at Samsung's device solutions, has said the new plant would help the company meet growing demand and strengthen its competitiveness in the memory business.

Demand is weak for DRAM () chips used in personal computers, pushing prices down and giving makers an incentive to adopt more advanced technology.

The flash memory chip market is robust thanks to growing demand for mobile devices such as and smartphones.

Samsung had 45 percent of the global DRAM market in the third quarter last year, followed by South Korea's Hynix with 21.6 percent, according to research firm IHS iSuppli.

Its share of the world market for was 39.1 percent followed by Japan's Toshiba with 31.4 percent in the third quarter.

Explore further: Samsung to build flash memory chip line in China

Related Stories

Samsung to build flash memory chip line in China

December 6, 2011

Samsung Electronics, the world's largest memory chip maker, said Tuesday it would build a new production line in China for flash memory chips used in tablets and smartphones.

Samsung starts new chip line to boost flash memory

September 22, 2011

Samsung Electronics, the world's largest memory chip maker, said Thursday it has begun mass production at a new line to raise production of flash memory chips used in tablets and smartphones.

Hynix Semiconductor 1Q profit falls 66 percent

April 28, 2011

(AP) -- Hynix Semiconductor's quarterly profit fell 66 percent as sales declined and memory chip prices remained weak, though the company said business conditions should improve in the second quarter.

Hynix turns 2Q net profit amid record sales

July 22, 2010

(AP) -- Hynix Semiconductor turned a net profit in the second quarter after a loss the year before as sales rose to a record and prices for its mainstay computer memory chips increased.

Samsung's new flash chips for mobile devices

January 14, 2010

(PhysOrg.com) -- Samsung Electronics has announced two new flash chip storage devices for mobiles: a removable 32-Gbyte micro SD (secure digital) card and a 64-Gbyte moviNAND flash memory module. Both are based on Samsung's ...

Recommended for you

World gears up for electric cars despite bumps in road

July 26, 2017

Technological advances mean fossil fuel in cars could be phased out within decades but switching to electric carries its own environmental and economic concerns as more and more countries announce radical plans.

Musk, Zuckerberg duel over artificial intelligence

July 25, 2017

Visionary entrepreneur Elon Musk and Facebook chief Mark Zuckerberg were trading jabs on social media over artificial intelligence this week in a debate that has turned personal between the two technology luminaries.

Adobe bidding Flash farewell in 2020

July 25, 2017

Adobe on Tuesday said its Flash software that served up video and online games for decades will be killed off over the next three years.

Microsoft Paint brushed aside

July 24, 2017

Microsoft on Monday announced the end of days for its pioneering Paint application as it focuses on software for 3-D drawing.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.