Get Our Free Email Newsletter
Big Data TechCon @ Boston - 2015/04/26
7th Anti-Corruption Compliance in China Summit @ Beijing - 2015/05/28
Samsung Ups Chinese Manufacturing Investment
February 4, 2013 |
Print
| 
Comments | Category: Business, Gadgets & Electronics
South Korea's Samsung has announced plans to invest USD1.7 billion to expand the production capacity of its plant in Kunshan, Jiangsu province.
This plant was reportedly first constructed in 2008.
Samsung's move is in line with the implementation of its business diversification strategy and the enhancement of control over its production network in China. As one of the largest mobile phone, memory chip, and TV manufacturers in the world, Samsung has 250 suppliers in China. In addition, it is currently building a USD7 billion chip factory in Xi'an.
An insider revealed to the local media that the USD1.7 billion investment will be mainly used to build factory buildings, purchase equipment, and establish research and development units, to support projects related to chip carriers.
Related Links:
Related Posts
Samsung Plans New Factory In Xi’an
Qualcomm Will Sell Customized Chips For Chinese Mobile Market
South Korea’s Lotte.com Inks Internet Payment Deal With China’s Alipay
Letv.com Acquires Full Stake In Huaer Entertainment For CNY900 Million
China’s Sungy Mobile Sets Up Operations In South Korea
JD.com, Coolpad Sign CNY10 Billion Contract For Made-in-China Smartphones
China Mobile Teams With South Korea’s KT For 4G International Roaming Services
Leave A Comment:
-
Security
- Are Lenovo Computers Safe For Consumer Users?
- Chinese Internet Company Sets Domain Name Record With USD17 Million Purchase
- Huawei Plans To Set Up New R&D Office In Canada
- Qihoo 360 Invests CNY200 Million For Internet Smart Router JV
- Beijing Subway Vulnerability Can Disrupt Normal Transportation Operation
-
Software
-
Telecom & Wireless
Copyright 2015 ChinaTechNews.com. All Rights Reserved.
A service of Asia Media Network.If you would like to syndicate these articles and posts for personal non-business use where you will not gain in any monetary way, please utilize the RSS feed for this online publication, which provides a brief summary of each post with a link back to the original article. Posting of any other part of the articles or posts on this website, in whole or in part, is expressly prohibited without express written permission from ChinaTechNews.com. No part of this website may be copied, transferred, posted, or published without the express written permission of ChinaTechNews.com or its registered agents. Content on this website, including articles, opinions, and data are protected under international copyright laws. Failure to comply with these rules will result in legal action. 
