Fri 1 Feb to Wed 31 Jul 2013

Samsung invests $1.7 bn in China's Kunshan plant

  • By Maja Micudova and 1 other
  • Last update: 2 years ago
  • Kunshan, Jiangsu Sheng, People's Republic of China

Samsung headquarters

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South Korean electronics giant Samsung invests $1.7 billion into expanding the Kunshan plant west of Shanghai. 

The investment will be used to build workshops, buy equipment and establish research institutes operated by Samsung Electro-Mechanics Co. to support a chip carrier related project. 

The move comes as part of Samsung's bid to diversify its clients and exert greater control over its network, which includes 250 supply factories in China. 

www.reuters.com - Samsung to invest $1.7 billion in Kunshan plant: Xinhua on 2013-01-28

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