Mar. 23, 2012 (China Knowledge) - Samsung Electronics, the biggest memory chipmaker in the world, announced yesterday that it plans to build a flash memory chip plant in Xi'an of Shaanxi
Province in Northwestern China, sources reported.
The plant will be located in the Xi'an High-tech Industries Development Zone (XHTZ) with an initial investment of US$7 billion.
The plant is expected to start operation by the end of next year. Flash chips are widely used in smart phones and tablet PCs.
Zhao Hongzhuan, director of the XHTZ, said that the project is still subject to approval from Chinese regulators.
The XHTZ, one of the first national-level high-tech development zones in China, tops rankings among all high-tech zones in central and western China in terms of local economy. It has formed such pillar industries such as electronics and information technology, aeronautics, equipment manufacturing and biomedicine.