Samsung to add new memory chip line in South Korea as COVID-19 boosts demand By Reuters

©Reuters The logo design of Samsung Electronics is seen at its office complex in Seoul

SEOUL (Reuters) – Samsung Electronics (OTC:-RRB- Co Ltd claimed on Monday it has actually started building and construction of a new residential manufacturing line for NAND blink memory chips, banking on demand for desktop computers as well as web servers as the coronavirus motivates even more individuals to job from residence.

The globe’s biggest memory chip manufacturer is targeting the 2nd fifty percent of following year to standardize the chips, made use of for storage space, on the included line in its plant in Pyeongtaek city, which is within a two-hour drive from the fundingSeoul

Samsung (KS:-RRB- claimed the added capability will certainly additionally assist satisfy demand for 5G mobile phones as well as various other tools, regardless of current hold-ups in implementations of 5G networks in Europe as well as various other nations due to the wellness dilemma.

While the business did not reveal the financial investment quantity, experts claimed the series of financial investment would certainly be in between 7 trillion won ($ 5.70 billion) as well as 8 trillion won.

Samsung is additionally broadening its 2nd Xian plant in China with an extra line, slated for manufacturing in the very first fifty percent of following year.

South Korea’s chip exports for May increased 7.1% from a year previously, as functioning from residence patterns as well as on the internet courses enhanced demand for web servers as well as Computers, as well as Chinese COMPUTER manufacturers recuperated manufacturing, increasing chip rates, according to a profession ministry declaration onMonday

“Data server customers will likely continue to invest in beef up their infrastructure to demand drawn from customers’ increased online activities,” claimed Eo Kyu- jin, an expert at DB FinancialInvestment

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($ 1 = 1,2279900 won)

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