Samsung to begin work on chip unit

Samsung Electronics Co Ltd plans to begin building its new memory chip production line in China in late March, a spokesman said on Thursday, as the tech giant ramps up efforts to boost NAND flash technology to meet future demand.

The tech giant said in August last year that it expected to invest $7 billion over the next three years to expand its NAND memory chip production in Xi'an, the capital of Shaanxi province, but had not specified a future schedule.

The rapidly growing data center market, which needs more memory capacity to handle increasing data traffic, is expected to underpin revenue growth and margins for Samsung's NAND Flash business in 2018, research provider Trendforce said.