More manufacturing job loss for Korea. This has been all planned.
From Xinhua:
Samsung Electronics, the world's largest maker of memory chips, planned to build a semiconductor plant in China to produce NAND flash memory chips based on 10- nanometer class technology, the economy ministry said Wednesday.
According to the Ministry of Knowledge Economy, Samsung submitted an application for the factory construction to the ministry on Dec. 6, before getting approval Wednesday. The ministry made the decision after holding two meetings of the industrial technology security committee in a bid to assess the potential technology leaks and the need for the firm to expand to China.
Samsung planned to start building the plant within the first half of this year after being approved by the Chinese government, according to the ministry. The company aimed to begin the factory' s operation in the second half of next year.
The Chinese plant, where 10-nano class NAND flash memory chips were planned to be manufactured, would be able to produce 100,000 wafers of 12-inch size per month after being built. Samsung began operating its latest factory in South Korea from September last year to mass produce 20-nano NAND flash memory chips.
http://news.xinhuanet.com/english/sci/2012-01/04/c_131342127.htm
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