Toshiba Singapore established Nand chip base "It is sheer fiction.

Toshiba Co of Japan on Tuesday local time, denied media reports about "Toshiba Co will build Nand flash chip" in singapore.

Toshiba Co spokesman Makoto Yasuda said, "in Singapore, we currently do not establish venture capital projects, production of Nand flash memory chip and SanDisk program."

Late Monday, a Singapore TV reported that Toshiba Co will establish venture capital project and SanDisk company, specializing in the production of Nand flash memory chip plan. And reported that the venture capital project will be located between Singapore and Japan, the investment of about $6 billion, the main production of 55 nanometer technology Nand flash memory chip.

Singapore Asia News Channel (CHANNEL NEWSASIA) reported on Monday, Japan's Nand flash chip manufacturers are looking for new manufacturing bases in Japan, in order to avoid the frequent seismic activity zone. The report also said that the SanDisk (Singapore Economic Development Board, EDB) is working with Toshiba Co and the company's business negotiations to attract foreign investment to establish an investment base in singapore.

The spokesman Toshiba Co denied Singapore TV reported, adding that "the Toshiba Co really ready for the expansion of the Nand flash memory capacity, but only in japan." SanDisk did not comment on the report in a timely manner, the Singapore economic development board also made no comment.

Nand flash chip is widely used in MP3 player, mobile phone and digital camera, because of its reciprocating erase, the current market sales doubled.

According to market research firm iSuppli data show that Nand flash chip market is the rapid growth in the third quarter of this year rose to $2 billion 970 million in the last quarter, year-on-year growth of thirty percentage points. ISuppli forecast in 2006, the global Nand flash memory chip market will reach $15 billion 400 million, an increase of $10 billion 800 million this year, compared with $42.6%.

Toshiba Co Nand as the world's second largest supplier of flash memory chips, then with the market share of 22.8%, followed by Samsung Electronics co.. Last month, Toshiba Co and Apple Com puter Inc signed a long-term Nand flash chip supplier contract. In addition to Toshiba, Apple Corp also with South Korea's Samsung Electronics and Hynix semiconductor, signed a Nand flash chip supply contract.