Samsung opens a new factory in China
Samsung has opened a new factory in Xi'an, China, where the Company is expected to produce 3D V-NAND memory chips. The Vice Chairman and CEO of Samsung Electronics, Oh-Hyun Kwon along with the Chinese and Korean officials, Samsung clients and suppliers were also present at the inauguration.
The facility took 20 months to complete and spans 230 thousand square meters. The area it's built on are larger than that – 1.14 million square meters – and by the end of the year will also house an assembly facility and a testing complex.
China is where 50% of the world's supply of memory chips comes from and with this move, Samsung will have a more secure place in that business and promises a stable supply for its customers.