TOKYO -- Tsinghua Unigroup is on the cusp of a massive output expansion for memory chips, with another $100 billion in investment on the way, playing a central role in China's drive to develop a world-class semiconductor industry.
Around 30km east of central Wuhan, in a new, tech-focused industrial development zone, China's premier state-backed chipmaker is putting the finishing touches on a $24 billion plant. Operated by Tsinghua subsidiary Yangtze Memory Technologies Co., the factory is set to start churning out NAND flash memory chips, used in devices such as smartphones, by the end of the year.
