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Samsung undecided on 3D NAND flash investment in China

Samsung undecided on 3D NAND flash investment in ChinaSeoul, May 29 (IANS) Samsung Electronics on Monday said it has not reached a decision on investing funds to expand its 3D NAND flash facilities in China.

3D NAND flash is a type of flash memory in which the memory cells are stacked vertically in multiple layers.

Through a regulatory filing, the South Korean tech giant said it is considering various options on the NAND flash business, including making an investment in China, but made clear nothing has been fixed at present.

 

The announcement was made through a regulatory filing under request of the main bourse operator Korea Exchange earlier following rumours, Yonhap reported.

Samsung said it will make an additional regulatory filing related to the issue within a month.

The world's second largest computer chip company earlier was seen as investing around $8.91 billion into the new Chinese production line to meet rising demand.

The South Korean tech giant accounted for 37.1 per cent of the global NAND flash market, including 3D models, in the fourth quarter of 2016.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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Samsung undecided on 3D NAND flash investment in China

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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.

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