The Galaxy Note 7 may have been a catastrophe for Samsung's mobile division in the previous quarter but the company's other divisions saw tremendous growth during the same period. A new report from market research firm DRAMeXchange shows that Samsung Electronics ruled the NAND flash market in the third quarter of this year.
Samsung has been investing heavily in this space to maintain dominance. Earlier this year the company expanded 3D NAND flash memory manufacturing facilities in Xi'an, China and Hwaseong, South Korea. Samsung is also setting up a new facility in Pyeongtaek, South Korea to further increase production. The company started manufacturing 64-layer NAND flash memory chips this month and given the rapid rise in demand for solid state drives that use these chips, increasing production rapidly works in Samsung's favor.
Samsung Electronics brought in $3.744 billion in 3D NAND flash memory sales in Q3 2016, it has a market share of 36.6 percent. Toshiba comes in second place with a 19.8 percent market share while Western Digital and SK Hynix follow in third and fourth place with 17.1 percent and 10.4 percent market share respectively.
