Samsung Electronics denies rumours of $21.22 billion NAND investment

Tech giant Samsung Electronics Co Ltd said that a local media report of the firm’s plans to invest 25 trillion won ($21.22 billion) by next year to boost 3D NAND memory chip capacity was not true. Samsung, the world’s top memory chip maker, said in a regulatory filing, that the report by the Korea Economic Daily on its chip investment plans was not accurate and that it has not yet decided on specific investment plans. The Korea Herald writes that the announcement is the result of Korean news media reporting that Samsung is planning to invest 25 trillion won (Some reported 2.5 trillion won) in order to increase capacities of its production lines for 3D NAND flash memory.  “The company has not set detailed plans for the investment as the 3D NAND flash memory business has just started to take off recently,” said the company to the Korea Herald, adding that recent news reports on the issue were unfounded. Other global chip makes including Korea’s SK hypnix and Taiwanese TSMC are all going to produce 3D NAND flash memory chips. This is because the technology uses vertically stacked layers of ells to improve space efficiency in chips. Reuters