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China to mass produce 3D chips next year, challenging Samsung

Beijing-backed Yangtze Memory to join market during a glut

Yangtze Memory's $24 billion memory chip project in Wuhan. 

TAIPEI -- China-backed Yangtze Memory Technology said on Tuesday it will be able to produce on a large scale an advanced flash memory chip that it has developed from 2019, a significant move for the country's budding industry as the company takes on market leaders such as Samsung Electronics, Toshiba and SK Hynix.

Yangtze Memory, China's first NAND memory chipmaker and an affiliate of Beijing-sponsored Tsinghua Unigroup, unveiled its own flash memory structure called Xtacking, a 64-layer or even more advanced 3D NAND flash memory technology that it claimed would stand out compared with industry standards now.

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