According to media reports, Chinese government, Swaysure, and Huawei have formed a trio to set up a 12-inch memory production plant. It is said that the plant will initially kick off mass production of 28nm DRAM with a capacity of 140,000 wafers per month. To ensure that Huawei's plan reaches fruition, a former TSMC director has been hired as CEO, not to mention recruiting an ex-Elpida executive as a strategist.
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