Samsung invests $500 million in new China facility: media

Updated on: 2013-09-15 || Source: reuters.com

(Reuters) - Samsung Electronics Co Ltd will invest $500 million to build a packaging and testing facility in northwestern China, the official ChinaDaily reported on Saturday, as South Korea's biggest company expands operations in China.

Samsung's new plant investment comes on the heels of last year's $7 billion chip complex, also in the industrial city of Xi'an, and January's $1.7 billion injection into the firm's operations in Kunshan, a fast-growing manufacturing hub west of Shanghai.

Samsung, the world's largest maker of handsets, memory chips and televisions, is seeking to diversify its clients and exert greater control over its sprawling manufacturing network, which includes 250 supplier factories in China.

Construction of the packaging and testing facility is expected to begin in January 2014 and aims to be finished by the end of that year, said the report.

(Reporting by Paul Carsten; Editing by Ron Popeski)

News

Blackphone 2 'privacy' Android handset revamped
Security firm Silent Circle has revamped its smartphone that helps people manage personal data.
Chinese smartphones mount massive web attack
More than 650,000 Chinese smartphones have been unwittingly enrolled in a massive attack that overwhelmed a web
Hilton investigates hack claims
The Hilton hotel group has said it is investigating claims its US shops and gift stores may be the source of
Twitter website 'blocked' in Turkey
Twitter users in Turkey report that the social media site has been blocked in the country.

SIGN UP FOR NEWSLETTER

Sign up to received our free newsletter!
Name:
E-mail ID:

MOST READ

Views: 5180 Times
Photoshop Button Maker READ MORE
Views: 2671 Times
Facebook's first big investor, Peter Thiel, cashes out READ MORE
Views: 2792 Times
Indian Navy investigates cyber attack on military PCs READ MORE
Views: 5366 Times
How to undelete files on Windows with Undela READ MORE
Views: 7263 Times
Show saved wifi passwords on windows 7 READ MORE

Home|IT News|Computer Tips|Video Tutorials|Download Softwares|Subjects|Contact Us
Copyright © 2019. Jumbo Education (Information Technology). All rights reserved.
Free counter and web stats

Large Visitor Globe