- Samsung Electronics has finalised outskirts of India’s capital to set up this manufacturing unit
- Once complete, this Samsung unit will be India’s first smartphone display manufacturing facility
- Samsung is rumored to be investing $8 billion to boost chip production in China
Korea-based Samsung Electronics is setting up India’s first smartphone display manufacturing unit in Noida, Uttar Pradesh. The company plans to invest more than Rs 3,500 crore in bringing up this facility. The information was revealed via the filings made by Samsung with Registrar of Companies.
Samsung Electronics, has recently shut its smartphone manufacturing operations in China. It is quite evident that the company was looking for a new hub to manufacture smartphone displays.
Samsung India’s loan to Samsung Display
The consumer electronics giant, has formed a new entity for setting up this display manufacturing unit. Dubbed Samsung Display, it has been given a loan of Rs 3,500 crores by Samsung India Electronics. The latter has also transferred a plot to the former in Noida, Uttar Pradesh.
While Samsung has plans to manufacture displays of almost all electronics devices at this facility, the company will probably start with manufacturing displays for smartphones. Many big names in the smartphone industry, use Samsung displays in their smartphones. In fact, Samsung is one among the largest suppliers of display panels in the world.
Samsung already manufactures and assembles smartphones in Noida
Famous for introducing world’s first foldable smartphone commercially, Samsung already has a smartphone manufacturing plant in Noida, Uttar Pradesh, India. As a matter of fact, it is known as world’s biggest facility for manufacturing smartphones.
Dixon Technologies had recently announced its collaboration with Samsung India. As per the companies, Dixon is now making some models of consumer appliances and phones for Samsung in India.
$8 billion to boost chip production in China
Though this step by Samsung might come as a huge boost for the ‘Make in India’ initiative, it is worth mentioning here that Samsung Electronics had recently announced investment of $8 billion to boost chip production in China. A report by a Chinese media house had stated that Samsung Electronics will increase investment at its chip factory in China by $8 billion to boost the production of NAND flash memory chips.
Samsung and Apple had accounted for buying 17.9 per cent of the total semiconductor chips sold in 2018. It looks like Samsung will now have chips made in China and displays in India.