Samsung Electronics, the South Korea multinational technology company, has recently announced its plans to expand the production facility of NAND flash in Pyeongtaek, Korea. This development will help strengthen its ability to meet the rising demands for its adoption in emerging technologies.
The construction process of this facility was commenced in May. It will significantly help serve the customers by mass producing the cutting-edge V-NAND memory, which is expected in the 2nd half of 2021.
According to Cheol Choi, Samsung Electronics’ executive VP of Memory Global Sales and Marketing, the recent investment reaffirms its commitment to strengthening its sustainable and undisputed leadership in the memory technologies. The company is planning to continuously cater to customers, even during the global crisis due to coronavirus pandemic, by introducing more optimized solutions to the market. This will enable the growth of the economy as well as the overall IT industry.
Additionally, the newly added capacity will help address the mid- and long-term demands for the NAND flash memory during the 4th Industrial Revolution age. This is powered by AI (artificial intelligence), the IoT (Internet of Things), and 5G expansion. The company will make more investments owing to the rising prevalence of the digital lifestyles, which in turn, will help capture more opportunities in the market.
The production facility of the company’s NAND flash is located in several regions including Pyeongtaek and Hwaseong in Korea to Xi’an in China. Samsung’s Pyeongtaek Campus, which was established in 2015, is a next-gen memory technologies hub, consisting of two of the world’s largest-scale production lines.
The company holds a leading position in the NAND flash memory market, leveraging its vast experience in technology and manufacturing for the last 18 years. For instance, in July 2019, it introduced the 6th-gen V-NAND (1xx-layer). It also targets to maintain a strong production network via balanced investments across the global production sites to further reinforce its leadership position.