Chip manufacturers are sending to China significant investments — $ 50 billion
Chip manufacturers are planning to significantly expand its production capacity in China. The total investment is expected to reach in the next five years $ 50 billion. It is reported by the source, referring to the Nikkei.
There are at least ten projects involving the expansion of existing plants or building new ones. These include the construction of a plant for the production of memory chips to which the Chinese state is a private company Tsinghua Unigroup allocates $ 24 billion. This facility will produce flash memory of type NAND and DRAM. Intel and Samsung Electronics are planning to expand existing plants, taking advantage of the state’s desire to make the production of chips one of the key sectors and attracting foreign investors. New factories in China are going to build TSMC and GlobalFoundries. The location of the chip production in China is that the China is a major consumer of these products in the country are concentrated in the production of smartphones and other electronic devices.
Source: CDR info