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China : SAMSUNG STARTS $7b Samsung's NAND construction [TendersInfo (India)](TendersInfo (India) Via Acquire Media NewsEdge) $7 Billion Samsung's NAND flash plant construction project s first stage has started in Xi'an, Shaanxi province. By the end of 2013 the plant will start functioning with a periodic productivity of 100,000 chips and yearly sales of 66 billion yuan ($10.4 billion). Memory cards, USB flash drives, solid-state drives and other related products use NAND chips for general storage and transmission of information. Xi'an Hi-tech Industrial Development Zone is the place where the South Korean company s plant is located and it creates nanometer chips, largely used in smartphones and tablet PCs. Lou Qinjian, executive vice- governor of Shaanxi, said that the project will greatly benefit theprovince's future development, noting that it will attract more than 160 supporting businesses tothe zone, creating more than 10,000 jobs. "The construction of the Samsung plant will greatly enhance the international influence andcompetitiveness of Shaanxi's information industry and lay a solid foundation to build a world-leading information industry cluster in the province," he said. In 1996 Samsung's Xi'an first project was built in Austin,Texas and Samsung's NAND is its second semiconductor manufacturing factory. Kim Yong-kwan, senior vice-president of Samsung Electronics, said that the first phase of the factory included some chip production lines and supporting facilities with a total floor area of 448,000 square meters, which will be expanded to 1.1 million square meters in the future. Kim said, Mass production is due to start at the plant in 2014, adding that Xi'an offered Samsung great advantages in terms of costs. Power and water supplies, as well as waste water treatment in Xi'an are some 20 to 30 percent cheaper than other cities and its labor costs are around 40 percent cheaper. Such cost advantages are very important . A memorandum of understanding was signed by Xi'an's Northwestern Polytechnical University and Samsung Electronics to function collectively to teach elder employees for the semiconductor industry. Huang Guowei, a local IT student, said that he would graduate next year and thought the project would provide job opportunities for him and his classmates. Xi'an Mayor Dong Jun said, To ensure its success, the Xi'an government provided an area of 9.2 square kilometers for the Samsung project and the supporting service infrastructures is also under construction . Dong further stated, With the Samsung project, Xi'an will make great strides in the development of its IT industry and the IT industrial scale will reach 300 billion yuan in 2015 . (c) 2012 Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |