The Traderszone Network

Published in TZ Latest News 21 October, 2015 by The TZ Newswire Staff

Intel says may invest up to $5.5 billion in China memory chip plant

The U.S. firm said it would convert a facility in Dalian, its first plant in China, for memory chip production. It didn’t disclose a time period for the investment, but said it will start making advanced memory chips that can store data without using up power, called 3D NAND chips, in second-half 2016. The move follows a flurry of deals in the global semiconductor industry, highlighting growing importance of the memory chips used to store data in increasingly popular mobile devices.