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Samsung Opens Its First Flash Chip Plant in China

Samsung has announced plans to open its first Flash memory chip plant in China.

The worlds largest technology company by sales said it was seeking regulatory approval to go ahead and open the chip making plant in China.

The company said the plant will cost around $4 billion to build and will manufacture NAND flash memory chips for Samsung and supply local smartphone and tablet makers.

China, which surpassed the United States as the world's largest smartphone market in the third quarter, has seen a massive boost in its smartphone markets thanks to regional Chinese manufacturers like ZTE and Huawei, which are also taking huge strides in western markets.

Samsung plans to ride the Chinese smartphone wave by supplying local smartphone makers with NAND flash memory chips.

"This new NAND flash memory line will enable us to meet the growing demand of our customers and at the same time strengthen our overall competitiveness in the memory industry," said Jun Dong-Soo, president of Samsung's memory business.

The company stated that it had already approached South Korea's Ministry of Knowledge Economy to seek permission to open the plant in China.