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: 4 years ago
  • Kunshan, Jiangsu Sheng, People's Republic of China

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

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