|[May 08, 2014]
Samsung Announces Operation of Memory Facility in Xi'an, China
XI'AN, China --(Business Wire)--
Samsung (News - Alert) Electronics, Co., Ltd., a global leader in memory semiconductor
technology, today announced that its memory fabrication line in Xi'an
China has begun full-scale manufacturing operations. The new facility
will manufacture Samsung's advanced NAND flash memory chips: 3D V-NAND.
Samsung Electronics Vice Chairman and CEO Dr. Oh-Hyun Kwon hosted a
plant inauguration event, which welcomed a large number of attendees
including government dignitaries such as Zhao Zhengyong, Secretary of
Communist Party of China Committee of Shaanxi province, Lou Qinjian,
Governor of Shaanxi province, and Young-se Kwon, Ambassador of the
Republic of Korea to the People's Republic of China. Other honored
attendees included Samsung suppliers and customers.
Construction of the new manufacturing facility took only 20 months since
Samsung broke ground here in September, 2012. The total area of the
facility is approximately 230,000 square meters, situated on 1.14
million square meter of land.
In remarks delivered during the ceremony, Dr. Kwon said, "The city of
Xi'an was the starting point of the Silk Road, which had performed a key
role in bridging cultures from the East and the West. We expect that our
new facility in Xi'an - the fruit of close cooperation with China, will
mark the crowning of a 21st century Silk Road."
Shaanxi province governor Lou Qinjian congratulated Samsung at the
event, noting that the new Xi'an fab highlights the special partnership
and efficient cooperation between China and Korea, as he also promised
the province's ongoing support.
By commencing operations of its Xi'an fabrication line, Samsung has
secured a solid memory production base in China, a market where
approximately 50 percent of global NAND flash is generated from
production bases operated by many IT companies here. It is also laying
the foundation for a more stable supply of memory products to its
Samsung plans to complete construction of its entire Xi'an complex,
which includes an assembly facility and test line, by the end of this
About Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. Is a global leader in technology, opening
new possibilities for people everywhere. Through relentless innovation
and discovery, we are transforming the worlds of TVs, smartphones,
tablets, PCs, cameras, home appliances, printers, LTE (News - Alert) systems, medical
devices, semiconductors and LED solutions. We employ 286,000 people
across 80 countries with annual sales of U.S. $216.7 billion. To
discover more, please visit www.samsung.com.
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