Samsung invests $500M to set up a smartphone display plant in India

TechCrunch | 1/19/2020 | Staff
jster97jster97 (Posted by) Level 3
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Samsung, which once led India’s smartphone market, is investing $500 million in its India operations to set up a manufacturing plant at the outskirts of New Delhi to produce displays.

The company disclosed the investment and its plan in a filing to the local regulator earlier this month. The South Korean giant said the plant would produce displays for smartphones as well as a wide-range of other electronics devices.

Filing - Company - Area - Factory - Noida

In the filing, the company disclosed that it has allocated some land area from its existing factory in Noida for the new plant.

In 2018, Samsung opened a factory in Noida that it claimed was the world’s largest mobile manufacturing plant. For that factory, the company had committed to spend about $700...
(Excerpt) Read more at: TechCrunch
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