Samsung Electronics said it has not reached a decision on investing funds to expand its 3D NAND flash facilities in China. 3D NAND flash is a type of flash memory in which the memory cells are stacked vertically in multiple layers. Through a regulatory filing, the South Korean tech giant said it is considering various options for the NAND flash business, including making an investment in China, but made clear nothing has been fixed at present. Also Read - Samsung now lets you make an appointment to shop at its stores, book demo via WhatsAppAlso Read - Galaxy S21 FE flaunts itself again on benchmark, reveals RAM for high-end Samsung model
The announcement was made through a regulatory filing at the request of the main bourse operator Korea Exchange earlier following rumours, Yonhap reported. Samsung said it will make an additional regulatory filing related to the issue within a month.
The world’s second largest computer chip company earlier was seen as investing around $8.91 billion into the new Chinese production line to meet rising demand. ALSO READ: Samsung faces lawsuits for battery issues in Galaxy S6, Galaxy S7 edge, Galaxy Note 5
The South Korean tech giant accounted for 37.1 percent of the global NAND flash market, including 3D models, in the fourth quarter of 2016.