Tsinghua Unigroup to Build $30 Billion Memory-Chip Factory

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China’s Tsinghua Unigroup to Build $30 Billion Memory-Chip Factory in Nanjing
China’s flagship state-owned chip maker Tsinghua Unigroup said it plans to build a $30 billion memory-chip factory in Nanjing, its latest investment as China moves to diminish its dependence on U.S. chip manufacturers. Tsinghua Unigroup said in a statement on its website that it will invest $30 billion in a factory in Nanjing to make storage chips, with monthly production capacity of 100,000 wafers. The technology, 3D-NAND and DRAM, is used in smartphones and other devices to store data.