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    Samsung to invest $7 bln in production of memory chips

    Funds will be spent in the next three years to expand production in Xian

    Baku. 28 August. REPORT.AZ/ Samsung Electronics Co Ltd said on Monday it expects to invest $7 billion in the next three years to expand its NAND memory chip production in Xian, China. 

    Report informs citing the Interfax.

    Samsung is the unconditional leader in the first quarter of 2017 with a 41% share in the flash memory market. Itsrival, Toshiba, has a market share of 18%.In addition, the South Korean company controls 41% of the dynamic memory market.

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