Yangtze Memory starts construction of $24B memory fab in Wuhan

Yangtze Memory Technologies Co. (YMTC), backed by Tsinghua Unigroup and others, broke ground on a national memory base project in Wuhan, China, with a total investment of $24 billion. The facility will produce 3D NAND flash memory, with initial production expected in 2018 and full completion by 2020.

“今日，由紫光集团联合国家集成电路产业基金、湖北省地方基金、湖北省科投共同投资240亿美元建设的国家存储器基地项目正式动工，2018年建成投产，2020年完成整个项目。”chinaflashmarket.com

• 1 source
• chinaflashmarket.com长江存储240亿美元存储项目开工，中国存储产业启航_CFM闪存市场Dec 30, 2016

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