Samsung Show officers in South Korea showed that the corporate was once getting ready to arrange a plant there, however declined to remark at the scale of funding, Yonhap information company reported on Monday.
According to the filing, Samsung is setting up a display manufacturing plant in Noida by allocating some of the lands for its existing plant. Now, the company is planning on further expanding its latter department by investing $500 million to set up a display manufacturing plant in India.
Now with Samsung getting into manufacturing more of its smartphone components locally in India, the company will be able to produce smartphones cost-effectively. The display facility will start with just smartphone displays with all the accompanying accessories and parts and will venture into the TV and laptop segment later on. Consequently, it can bring advanced smartphones at lower prices.
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We'll just have to wait and see if this is indeed a new device or just a specially curated image of the Galaxy Fold Z Flip. MySmartPrice said it received the information that appears to be legit but we're still taking things with a pinch of salt.
Recently, Samsung has started its smartphone manufacturing hub in India. That crown now belongs to Xiaomi with Samsung relegated to the second spot.
The South Korean electronics manufacturer Samsung is all set to set up its own manufacturing unit in India. Several tax sops provided by the local New Delhi administration will further add to the benefits.
Samsung, which offers more than a dozen models in India and has been a market leader since 2012, struggled to refresh its pricing and product portfolio, leaving room for Chinese rivals with affordable products to leapfrog it.