Samsung to Add New Memory Chip Line in South Korea as COVID-19 Boosts Demand – TechWeu

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Samsung Electronics stated on Monday it has started the design of a new domestic manufacturing line for NAND flash memory chips, betting on demand for individual personal computers and servers as the coronavirus prompts additional people to get the job done from dwelling. The world’s biggest memory chipmaker is concentrating on the 2nd 50 percent of the upcoming year to mass create the chips, used for storage, on the added line in its plant in Pyeongtaek city, which is inside of a two-hour drive from the funds Seoul.

Samsung stated the extra ability will also aid satisfy the demand for 5G smartphones and other gadgets, in spite of the latest delays in deployments of 5G networks in Europe and other nations because of the wellness disaster.

Though the firm did not disclose the investment amount, analysts explained the vary of expenditure would be involving KRW 7 trillion (about Rs. 42,956 crores) and KRW 8 trillion (roughly Rs. 49,092 crores).

Samsung is also growing its 2nd Xian plant in China with a further line, slated for generation in the first fifty percent of upcoming yr.

South Korea’s chip exports for May perhaps rose 7.1 percent from a yr earlier, as doing work from property developments and on-line classes boosted demand for servers and PCs, and Chinese Computer system makers recovered production, driving up chip costs, in accordance to a trade ministry statement on Monday.

“Info server prospects will probably continue on to spend in beef up their infrastructure to desire drawn from customers’ elevated on the web actions,” mentioned Eo Kyu-jin, an analyst at DB Money Expenditure.

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Aksh Swanni
Aksh Swanni
Aksh Swanni writes about Technology, smartphones, & Gaming for Techweu, out of Delhi. Aksh is technology & gadgets Author for techweu, and has frequently written about technology, gadgets on all platforms and new developments in the world of smartphones. In his free time, Aksh likes to spend time on his Play Station, learn new technologies, watch informative videos, and watching movies. Aksh is available on Aksh@techweu.com, you can send in your leads and tips.
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