Chinese chip shop looks hot to trot as Tsinghua drops $30bn on factory

[FarCenter]

China’s flash-fancying Tsinghua Unigroup is going to build a $30bn-plus flash fab.

This comes just two-and-a-half weeks after we learned that China's Yangtze River Storage Technology (YMTC) has started building a $24bn 3D NAND flash plant in Wuhan.

As Tsinghua Unigroup owns 51.04 per cent of YMTC, its flash enthusiasm is ginormous: $24bn here, $30bn there – pretty soon we'll be talking about real money.

Tsinghua Unigroup's $309bn plant is being built in Nanjing. The first phase of the development will cost $10bn and is intended to produce 100,000 wafers a month. The fab will produce both DRAM and 3D NAND chips for smartphones and other computers.

There's no information about time scales but we'd guess phase one will complete in early 2018.

http://www.theregister.co.uk/2017/01/20/tsinghua_unigroup_building_30bn_flash_fab/

[matt819]

1. I don't know how much of this story is real, but

if anywhere near real, compare that to what's happening in the US, where we're thrilled with the saving of 700 jobs here or the creation of 1,000 jobs there. And the continuing nonsense of culture wars and more military spending.