Samsung To Build A 500 Million-Worth Display Manufacturing Facility In India

Aadhya Khatri - Jan 20, 2020


Samsung To Build A 500 Million-Worth Display Manufacturing Facility In India

According to Samsung, it plans to produce screens for smartphones as well as other devices in the facility

Samsung was once the leading company on the Indian smartphone market and it has recently announced another plan in the country.

The Korean tech giant will pour in an investment of $500 million to set up facilities on the outskirts of New Delhi to manufacture displays. The investing plan was revealed to the local authority earlier this month. According to the Korean electronics company, it plans to produce screens for smartphones as well as other devices in the facility.

samsung-500-million-investment
The Korean tech giant will pour in an investment of $500 million to set up facilities on the outskirts of New Delhi to manufacture displays

In what the company files to New Delhi’s regulators, it said that some of the lands for the Noida factory would be allocated for the new facility.

Back in 2018, xnxubd Samsung introduced a factory in Noida, which it claimed to be the largest smartphone producing plant in the world. The Korean tech giant has promised to invest in $700 million for the plant.

Samsung-noida-plant
Back in 2018, xnxubd Samsung introduced a factory in Noida, which it claimed to be the largest smartphone producing plant in the world

What it expects to gain from this is to increase the capacity of manufacturing smartphones in India to gain access to the tax benefits that the city has to offer.

These benefits should help it tremendously in the war against Xiaomi, the Chinese phone maker that has dethroned xnxubd Samsung in India to be the biggest phone provider.

India is by far the second-largest smartphone market in the world, boasting around 500 million users, and the Korean tech giant is ranking second after Xiaomi in the country.

However, India is not the only market xnxubd Samsung is losing its market shares. Recently, it has been beaten in China by the local brand Realme, which is believed to take that place of Samsung in the last quarter of 2019, as stated by some analysts.

>>> Samsung Galaxy S7 Edge In India Burst Into Flame Without Charging

Comments

Sort by Newest | Popular

Next Story

Read more

World's First Bionic Eye To Help Blind People Restore Their Vision

Features- Sep 21, 2020

World's First Bionic Eye To Help Blind People Restore Their Vision

Researchers from Melbourne-based Monash University in Australia have developed a bionic eye that uses a brain implant to bring back vision to blind people.

POCO X3 India Launch Date Revealed, To Come With Even Bigger Battery

Mobile- Sep 21, 2020

POCO X3 India Launch Date Revealed, To Come With Even Bigger Battery

The POCO X3 will be announced in India on September 22nd with several changes compared to the global version.

Realme C17 Launched With Quad Cameras, New Chipset, For Around Rs. 13,800

Mobile- Sep 22, 2020

Realme C17 Launched With Quad Cameras, New Chipset, For Around Rs. 13,800

For a price of around Rs. 13,800, the Realme C17 features a new chipset, a beefy battery with fast charging, and quad rear cameras.

Scientists Have Found A Safe UV Light That Can Kill COVID-19

Features- Sep 23, 2020

Scientists Have Found A Safe UV Light That Can Kill COVID-19

It turned out 99.7% of the COVID-19 virus was killed in 30 seconds after they were exposed to the 222nm UVC irradiation.

Fujifilm Instax SQ1 Review: Square Format With Point-And-Shoot Simplicity

Gadgets- Sep 21, 2020

Fujifilm Instax SQ1 Review: Square Format With Point-And-Shoot Simplicity

Keep on reading our Fujifilm Instax SQ1 review to find out to decide whether to splurge your money on the device or not. 

Trump Wants $5 Billion From TikTok Deal, Regret Not Asking For More

ICT News- Sep 21, 2020

Trump Wants $5 Billion From TikTok Deal, Regret Not Asking For More

The president wants to raise $5 billion for an education fund from the TikTok deal. However, it isn’t clear who will pay such a huge amount of money