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szdaily -> Business_Markets
NDRC, Samsung in deal for chip cooperation
    2018-February-7  08:53    Shenzhen Daily

THE National Development and Reform Commission (NDRC), the country’s top economic regulator, has signed a memorandum of understanding (MOU) with South Korea’s tech behemoth Samsung Electronics Co. Ltd. for further cooperation.

The agreement was signed Friday and focuses on chipmaking, artificial intelligence and semiconductor manufacturing, said an official with the NDRC.

The cooperation came after the NDRC spoke to the company in December after the prices of storage chips rose at an astonishing pace over the past 18 months, leading to complaints from mobile phone manufacturers.

Samsung, the world’s largest chipmaker, was the major beneficiary of the price rise.

“The NDRC had earlier signed an agreement with the company for three years, so the current move is only an extension of the same,” said Wang Yanhui, secretary general of the Mobile China Alliance.

The commission has yet to take any further steps on an antimonopoly review, but should the company be found to be engaged in such practices, the government may refer to the penalties issued by other nations, Wang said.

“Samsung’s cooperation with the Chinese Government will not have an effect on the price hikes of storage chips, which is determined by the relationship between supply and demand,” said Roger Sheng, research director at consultancy Gartner Inc., adding that the government’s aim is to attract more foreign investment and boost technical collaboration.

Currently, Samsung holds a monopoly position in the field of storage chips. It has built a NAND flash chip factory in Xi’an, Shaanxi Province and plans to expand the manufacturing capacity with an investment of US$7 billion in the next three years.(SD-Agencies)

 

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