BEIJING (Reuters) - Samsung Electronics Co Ltd will invest $500 million to build a packaging and testing facility in northwestern China, the official China Daily 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)

About News.net

Publishing Services International Limited (PSIL) is the publisher and operator of a worldwide network of online news sites dedicated to delivering fair, accurate and relevant reporting from a variety of the world’s most trusted sources – from the biggest cities to the smallest towns.

We deliver positive and powerful messages to our readers, providing up‑to‑the‑second news that matters to the individual.

Our promise is to serve communities and individuals worldwide, delivering information that hasn’t always been available to them. We will give them back a voice – a voice that’s empowering because it is theirs – and provide a platform to communicate between themselves and the world.

We believe people are not just generic demographics; they are individuals with their own preferences and curiosities. We are about understanding these individuals, listening to them, and serving them.

We are the new pioneering spirit of news – we’re not talking to everyone, we’re talking with every one.

If you want your news, your voice, your way, on your time – we’ve got news for you.

 

FAQs

Email

If you have any questions or concerns please email us on support@news.net

Phone

  • Australia, Toll Free 1-800-983-421
  • Hong Kong, Toll Free 800-906-187
  • Singapore, Toll Free 800-852-3871
  • USA/Canada, Toll Free 1-800-830-4132

Advertise With Us

Interested in being awesome?
Contact us by email or phone.

Cancel