Samsung is investing $500 million to set up a new plant in Delhi/NCR for manufacturing smartphone displays. The company finally got the green light from the Indian government and will proceed with the investment in April 2020.
The new plant will be worth $500 million and will be located in Noida – close to Samsung’s biggest smartphone manufacturing facility in the world. 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.
As per the regulatory disclosures, sourced from business intelligence platform Veratech Intelligence, Samsung India said it had incorporated a group entity, Samsung Display Noida, “with the principal business of manufacturing, assembling, processing and sales of displays (including their parts, components, and accessories) for all types and sizes of electronic devices.”
Samsung said the plant would produce displays of mobile phones and IT display. However, an industry executive aware of the plans said the plant would initially produce displays for mobile phones, but could later extend it to laptops and televisions. The current investment will be enhanced as the capacities increase and Samsung Display sells the component to other brands as it does globally, he said. The first phase will become operational this year.
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