Flash memory major Samsung announced plans to build a new flash memory plant in China to meet growing demands by mobile computing device manufacturers in the coming years. The new manufacturing plant will be built at a cost of over US $4 billion, Samsung hopes it will fuel the $22 billion flash memory industry's growth next year. When operationalised, the new flash memory plant will be Samsung's second outside South Korea.

The NAND flash memory industry is seeing exceptional growth at 20%, it will be worth $26 billion next year. President of Samsung's memory business, Jun Dong-soo, said in a statement "[The new factory] will enable us to meet fast growing demand from our customers and at the same time strengthen our overall competitiveness in the memory industry."