Samsung Electronics Co Ltd said on Monday it has begun construction of a new domestic production line for NAND flash memory chips, betting on demand for personal computers and servers as the coronavirus prompts more people to work from home.
The world’s largest memory chip maker is targeting the second half of next year to mass produce the chips, used for storage, on the added line in its plant in Pyeongtaek city, which is within a two-hour drive from the capital Seoul.
While the company did not disclose the investment amount, analysts said the range of investment would be between 7 trillion won and 8 trillion won.
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