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Samsung undecided on Chinese NAND flash investment

2017/05/29 17:27

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SEOUL, May 29 (Yonhap) -- Samsung Electronics Co. said Monday it has not reached a decision on investing funds to expand its 3D NAND flash facilities in China.

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 rumors.

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 10 trillion won (US$8.91 billion) into the new Chinese production line, to meet rising demand.

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