Samsung boosts non-memory chip investment to $151 billion as South Korea offers bigger tax breaks
3 years, 7 months ago

Samsung boosts non-memory chip investment to $151 billion as South Korea offers bigger tax breaks

Live Mint  

Samsung Electronics on Thursday raised its planned investment in non-memory chips to 171 trillion won through 2030, joining a rush of firms ramping up investments amid a global semiconductor shortage. South Korea on Thursday said it would offer bigger tax breaks plus 1 trillion won in loans for its local chip industry. "Countries around the world have entered fierce competition by reorganising supply chains around their own country," South Korean President Moon Jae-in said Thursday at Samsung's chip site at Pyeongtaek. South Korea will increase tax breaks to 6% from the current 3% or lower for capital expenditures between second half of 2021 to 2024 for large corporations conducting "key strategic technology" including semiconductors, the Ministry of Trade, Industry and Energy said in a statement. "Setting up an environment where smaller fabless firms can thrive, with plenty of workforce and foundries, would naturally bolster system chip industry," said Jinwook Burm, head of the Institute of Semiconductor Engineers.

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History of this topic

South Korean stocks rise 2% as Samsung Elec surges on share buyback plan
1 month, 1 week ago

South Korean stocks rise 2% as Samsung Elec surges on share buyback plan

Live Mint  

* KOSPI rises, foreigners net buyers * Korean won strengthens against dollar * South Korea benchmark bond yield falls SEOUL, - Round-up of South Korean financial markets: ** South Korean stocks rose 2% on Monday, as market heavyweight Samsung Electronics surged more than 7% after the chipmaker announced plans late on Friday to buy back shares. ** Among index heavyweights, …

South Korea's ruling party plans chips law to avert Trump threat
1 month, 1 week ago

South Korea's ruling party plans chips law to avert Trump threat

Hindustan Times  

By Hyunjoo Jin South Korea's ruling party plans chips law to avert Trump threat SEOUL Nov 11 - South Korea's ruling party proposed a special chips act on Monday to give chipmakers subsidies and an exemption from a national cap on working hours, to tackle potential risks from measures threatened by incoming U.S. President Donald Trump. Last week, South Korean …

Samsung reports 'major' progress in supply deal for AI chips
1 month, 3 weeks ago

Samsung reports 'major' progress in supply deal for AI chips

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

TSMC, Samsung mull building big chip factories in UAE, WSJ reports
3 months ago

TSMC, Samsung mull building big chip factories in UAE, WSJ reports

Hindustan Times  

Sept 22 - Two of the world's largest chipmakers, TSMC and Samsung Electronics, have discussed building potential chip projects in the United Arab Emirates in coming years which could be worth more than $100 billion, the Wall Street Journal reported on Sunday. HT Image Top executives at TSMC have visited the UAE recently and talked about a plant complex on …

Samsung posts a 15-fold increase in operating profits in last quarter
4 months, 3 weeks ago

Samsung posts a 15-fold increase in operating profits in last quarter

Associated Press  

SEOUL, South Korea — Samsung Electronics Co. reported a 15-fold increase in operating profit for the second quarter this year, largely thanks to a strong demand for memory chips amid the expansion of artificial intelligence technologies. The company said favorable market conditions drove higher average sales prices, while robust sales of organic light-emitting diode panels also contributed to the stronger …

Asia’s chip giants hustle to maintain their edge over the US
6 months, 2 weeks ago

Asia’s chip giants hustle to maintain their edge over the US

Live Mint  

In a series of articles this week, Wall Street Journal reporters from around the world go inside the escalating global chip battle. Taiwan Semiconductor Manufacturing Co., commonly known as TMSC, is expected next year to introduce the world’s smallest but most powerful chip in Taiwan—the type of breakthrough needed for cutting-edge artificial intelligence and smartphones. In May, South Korea’s government …

S. Korea to set up $7-billion aid package for chip industry
7 months, 1 week ago

S. Korea to set up $7-billion aid package for chip industry

The Hindu  

South Korea will set up an aid package worth more than $7 billion to support its chip industry, the Finance Ministry said on Sunday, as part of its drive to boost its critical semiconductor sector. This initiative follows its pledge last year to build the world's largest chip centre using $240 billion of private investment, primarily from Samsung Electronics, the …

Samsung’s profit surges after AI boom reverses chip losses
7 months, 3 weeks ago

Samsung’s profit surges after AI boom reverses chip losses

Hindustan Times  

Samsung Electronics Co. topped analyst earnings estimates after its semiconductor division returned to profitability, as companies like Microsoft Corp. and Alphabet Inc. led a surge in spending on artificial intelligence services. Samsung Electronics reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory …

Samsung reports a 10-fold increase in profit as AI drives rebound in memory chip markets
7 months, 3 weeks ago

Samsung reports a 10-fold increase in profit as AI drives rebound in memory chip markets

Associated Press  

SEOUL, South Korea — Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory chips. Revenue rose by nearly 13% to 71.9 trillion won, driven by higher prices for memory chips and robust sales of its flagship Galaxy S24 …

Samsung witnesses new opportunity in AI: Know-how
9 months ago

Samsung witnesses new opportunity in AI: Know-how

India TV News  

Samsung Electronics, the largest memory chip maker in the world has stated that the macroeconomic uncertainties are expected to grow higher by this year itself. In an annual meeting of shareholders Han Jong-hee, Vice Chairman and CEO of Samsung Electronics said, "Although uncertainties in the macroeconomic environment are expected to be high this year, new opportunities will also be increased …

Samsung sees tech devices demand recovering in 2024 after record chip loss
10 months, 3 weeks ago

Samsung sees tech devices demand recovering in 2024 after record chip loss

The Hindu  

Samsung Electronics flagged a continued recovery in memory chips and tech demand in 2024, after reporting a 34% drop in fourth-quarter profit despite a memory price rebound as consumer demand remained weak in many businesses. However, fourth-quarter losses shrank to 2.18 trillion won in the fourth quarter, lower than every other quarterly loss in 2023 in the business that has …

Samsung says chips to recover in 2024 after best quarterly profit this year
1 year, 1 month ago

Samsung says chips to recover in 2024 after best quarterly profit this year

The Hindu  

Samsung Electronics on Tuesday flagged gradual demand recovery in 2024 after reporting its highest quarterly profit so far this year, as the battered memory chip market began showing signs of rebound from a severe downturn. The proliferation of on-device artificial intelligence functions will increase appetite for DRAM chips in premium products in 2024, the world's biggest memory chip and smartphone …

Taiwan says awaiting U.S. announcement on China chip waver extension
1 year, 2 months ago

Taiwan says awaiting U.S. announcement on China chip waver extension

The Hindu  

Taiwan was waiting for a decision by the U.S. government on whether Taiwanese chipmakers will be allowed a waiver extension to supply U.S. chip equipment to their factories in China, Economy Minister Wang Mei-hua said on Thursday. South Korea's government said this week that Samsung Electronics and SK Hynix will be allowed to supply U.S. chip equipment to their China …

South Korean firms get indefinite waiver on U.S. chip gear supplies to China
1 year, 2 months ago

South Korean firms get indefinite waiver on U.S. chip gear supplies to China

The Hindu  

Samsung Electronics and SK Hynix will be allowed to supply U.S. chip equipment to their China factories indefinitely without separate U.S. approvals, South Korea's presidential office and the companies said on Monday. The U.S. had been expected to extend a waiver granted to the South Korean chipmakers on a requirement for licences to bring U.S. chip equipment into China. "Uncertainties …

Samsung's chip losses expected to decrease in Q3 due to production cuts
1 year, 2 months ago

Samsung's chip losses expected to decrease in Q3 due to production cuts

India TV News  

Samsung Electronics is anticipated to narrow its chip deficit in the third quarter due to continued cuts in chip production. Samsung began cutting chip production earlier this year, following the lead of peers like SK hynix Inc. and Micron Technology Inc., which started reducing production late last year to address the oversupply issue. However, analysts believe that Samsung's production cuts …

South Korean corporate giants, led by Samsung, lag behind US peers in H1 2023 performance: Report
1 year, 3 months ago

South Korean corporate giants, led by Samsung, lag behind US peers in H1 2023 performance: Report

India TV News  

South Korea's major corporations, including tech giant Samsung, faced a challenging first half of 2023, reporting significantly weaker performance compared to their US counterparts. In stark contrast, the top 100 non-financial companies listed on the New York Stock Exchange in the US collectively expanded their top-line figures by 2.4 per cent year-on-year, reaching a substantial $3.87 trillion. The combined operating …

Samsung to cut chip output to ride out downturn: Report
1 year, 8 months ago

Samsung to cut chip output to ride out downturn: Report

Hindustan Times  

Samsung Electronics Co Ltd said on Friday it would make a "meaningful" cut to chip production, following the lead of smaller rivals, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting. Samsung jumped 4.5% in early trading in the biggest one-day rise since September, while rival SK Hynix Inc's shares surged 5.6% The …

Samsung to invest $230 billion through 2042 in South Korea chipmaking base
1 year, 9 months ago

Samsung to invest $230 billion through 2042 in South Korea chipmaking base

Hindustan Times  

Samsung Electronics Co Ltd on Wednesday said it will invest around 300 trillion won by 2042 to develop what the government called the world's largest chip-making base, in line with efforts to enhance South Korea's chip industry. The amount makes up most of the 550 trillion won in private-sector investment announced by the government on Wednesday, under a strategy that …

Samsung's India unit claims government owes it $110 million. Govt says...
1 year, 11 months ago

Samsung's India unit claims government owes it $110 million. Govt says...

Hindustan Times  

Samsung Electronics Co. is struggling to collect manufacturing incentives it considers it’s owed by India, highlighting the sometimes complicated nature of such government programs. Samsung's India unit claims government owes it $110 million. Read here: Amazon Republic Day Sale: Here are top 6 picks in mobile phones, up to 37% off The smartphone giant’s India unit is seeking just under …

US waged war on China’s chips; S Korea, Taiwan felt the fallout
1 year, 11 months ago

US waged war on China’s chips; S Korea, Taiwan felt the fallout

Al Jazeera  

Washington’s bid for self-sufficiency in semiconductors is complicating relations with its tech-savvy partners in Asia. The law includes “guardrails” intended to prevent companies from building production facilities in China and bans US companies from supplying equipment that China could use to produce advanced chips. South Korea’s Samsung and SK Hynix, which together lead global production of memory chips, and Taiwan’s …

We’re in a chip war: Samsung veteran sounds alarm on South Korea losing ground
1 year, 11 months ago

We’re in a chip war: Samsung veteran sounds alarm on South Korea losing ground

Hindustan Times  

In three decades at Samsung Electronics Co., Yang Hyang-ja helped shape the 84-year-old conglomerate’s present dominance in global memory chipmaking. Yang, who rose from a researcher’s assistant at the storied company before heading the key memory chip development division, is the lead architect of a nationwide effort to fund and galvanize its domestic chip industry. Her mission is surging in …

Samsung logs sharp drop in profits- Reaffirms no production cut
2 years, 1 month ago

Samsung logs sharp drop in profits- Reaffirms no production cut

India TV News  

Samsung Electronics posted a sharp drop in profits for the third quarter of 2022, as its main semiconductor business faced major headwinds from weakening memory chip prices and demand. The world's largest memory chip and mobile phone maker said in a regulatory filing its third-quarter net profit declined 23.6 per cent from a year earlier to 9.38 trillion won, reports …

Samsung's earnings slump on rapid drop-off in chip demand
2 years, 2 months ago

Samsung's earnings slump on rapid drop-off in chip demand

The Hindu  

Samsung Electronics Co Ltd. flagged a worse-than-expected 32% drop in quarterly operating earnings on Friday, as an economic downturn slashed demand for electronic devices and the memory chips that go in them. Samsung's memory chip shipments likely came in below already downgraded expectations and prices could fall further this quarter, analysts said, as customers react to rising inflation, higher interest …

Samsung sets goal to attain 100 per cent clean energy by 2050
2 years, 3 months ago

Samsung sets goal to attain 100 per cent clean energy by 2050

Deccan Chronicle  

SEOUL: Samsung Electronics is shifting away from fossil fuels and aiming to entirely power its global operations with clean electricity by 2050, a challenging goal that experts say could be hampered by South Korea's modest climate change commitments. South Korea-based Samsung is a top producer of computer memory chips and smartphones and the second biggest energy consumer behind Walmart among …

Samsung is working on 15 billion USD next-gen chip R&D facility: Know more
2 years, 4 months ago

Samsung is working on 15 billion USD next-gen chip R&D facility: Know more

India TV News  

Samsung Electronics held a groundbreaking ceremony for its new semiconductor research and development complex in Seoul, in a move to bolster its global leadership in cutting-edge chip technology. Samsung plans to invest around 15.06 billion USD by 2028 for the 109,000-square-meter complex within its Giheung campus in Yongin, which is 50 km from the south of Seoul. The ceremony drew …

South Korea President Yoon pardons Samsung vice-chairman Jay Y. Lee
2 years, 4 months ago

South Korea President Yoon pardons Samsung vice-chairman Jay Y. Lee

The Hindu  

South Korea's President Yoon Suk-yeol pardoned Samsung Electronics vice-chairman Jay Y. Lee on Friday, with South Korea's Justice Ministry saying the business leader was needed to help overcome a "national economic crisis". "We sincerely thank the government's and people's decision to grant pardon, and Chairman Shin Dong-bin and staff members at Lotte will contribute to overcoming the complex global crisis," …

Samsung seeks tax breaks on $192 billion potential chip plants in Texas
2 years, 5 months ago

Samsung seeks tax breaks on $192 billion potential chip plants in Texas

The Hindu  

Samsung Electronics has begun applications for tax breaks for 11 potential chip plants in Texas adding up to investments of about $192 billion, according to documents filed with Texas authorities. The documents gave the first public estimate of the potential value of the proposed new investments, showing the plants would cost $12 billion-$23 billion each and create 900 jobs or …

Chips drive highest Samsung Q2 profit since 2018, but demand cooling
2 years, 5 months ago

Chips drive highest Samsung Q2 profit since 2018, but demand cooling

The Hindu  

South Korea's Samsung Electronics Co Ltd turned in its best April-June profit since 2018 on Thursday, underpinned by strong sales of memory chips to server customers even as demand from inflation-hit smartphone makers cools. Smartphone demand weakens Rising inflation, concerns about a downturn in major markets, the war in Ukraine and China's COVID-19 lockdowns have resulted in slowing smartphone sales, …

Explained: Samsung’s breakthrough in 3nm chips & how it translates to higher performance and better efficiency
2 years, 5 months ago

Explained: Samsung’s breakthrough in 3nm chips & how it translates to higher performance and better efficiency

Firstpost  

Samsung has become the first SoC manufacturer to break into the 3nm chips, which promises huge performance and efficiency gains, going up to 50 per cent. While chip designers and manufacturers like Apple, Qualcomm and TSMC have aced the 4nm, 5nm & 6nm processors for some time now, Samsung has just made the world’s first 3-nanometer chips. Samsung said the …

Samsung starts chip production with 3-nanometre technology
2 years, 5 months ago

Samsung starts chip production with 3-nanometre technology

The Hindu  

Samsung Electronics said on Thursday that it has started chip production using its 3-nanometre technology, implemented for the first time ever globally. Compared to the 5nm process, the first-generation 3nm process can reduce power consumption by up to 45%, improve performance by 23% and reduce area by 16%, the semiconductor maker noted in a statement. Samsung explained that its proprietary …

Samsung Begins 3Nm Chip Production, Could Pull More Customers From TSMC
2 years, 5 months ago

Samsung Begins 3Nm Chip Production, Could Pull More Customers From TSMC

News 18  

SEOUL: Samsung Electronics Co Ltd said on Thursday it has begun mass producing chips with advanced 3-nanometre technology, the first to do so globally, as it seeks new clients to catch far bigger rival TSMC in contract chip manufacturing. The South Korean firm did not name clients for its latest foundry technology, which supplies made-to-order chips like mobile processors and …

Samsung to invest $356 bln over five years in strategic sectors
2 years, 7 months ago

Samsung to invest $356 bln over five years in strategic sectors

The Hindu  

Samsung Group will invest 450 trillion won in the next five years to accelerate growth in semiconductors, biopharmaceutical and other next-generation technologies, Samsung Electronics said. South Korea's top conglomerate said on Tuesday the investments through 2026 are expected to help Samsung drive long-term growth in strategic areas such as the chip sector, while pledging aggressive investments in the biopharmaceutical sector …

Biden: SKorean chip plant a model for deeper ties to Asia
2 years, 7 months ago

Biden: SKorean chip plant a model for deeper ties to Asia

Associated Press  

PYEONGTAEK, South Korea — President Joe Biden opened his trip to Asia on Friday by touring a South Korean computer chip factory that will be the model for a plant in Texas, holding it out as an illustration of how deeper ties with the Indo Pacific can fuel technological innovation and foster vibrant democracies. “This is the moment, in my …

Samsung in talks to hike chipmaking prices by up to 20%
2 years, 7 months ago

Samsung in talks to hike chipmaking prices by up to 20%

The Hindu  

Samsung Electronics is in talks with clients about hiking prices for chip contract manufacturing by up to 20% this year, Bloomberg reported on Friday. The move is part of an industry-wide push to raise prices to cover rising materials and logistics costs, Bloomberg said, citing people familiar with the matter. Samsung Electronics is the world's second-largest chip contract manufacturer, after …

Samsung Sees Profits Jump 50 Per Cent Thanks To Strong Chipset And Mobile Sales
2 years, 7 months ago

Samsung Sees Profits Jump 50 Per Cent Thanks To Strong Chipset And Mobile Sales

News 18  

Samsung Electronics on Thursday reported its best first-quarter earnings in four years on the back of solid chip and mobile demand. The world’s largest memory chip and mobile phone maker said its operating profit rose more than 50 per cent to $11.1 billion in a regulatory filing, reports Yonhap News Agency. The company said its memory business logged 26.87 trillion …

Samsung Elec sees component shortages persisting in H2, solid server chip demand
2 years, 7 months ago

Samsung Elec sees component shortages persisting in H2, solid server chip demand

The Hindu  

Samsung Electronics Co Ltd reported a 51% rise in quarterly profit on Thursday, buoyed by robust data centre demand for high-margin memory chips, but cautioned that component shortages will likely continue in the second half. The world's top memory chip and smartphone maker said demand for server chips is expected to be relatively solid in the second half, but the …

Samsung invests $920 mln in Vietnam plant expansion
2 years, 10 months ago

Samsung invests $920 mln in Vietnam plant expansion

The Hindu  

South Korean electronic components manufacturer Samsung Electro-Mechanics Co Ltd will invest $920 million in a production facility in northern Vietnam, the Southeast Asian country said on Wednesday. The investment will boost the company's existing production in Thai Nguyen province of printed circuit boards and other phone components, and will raise the company's total investment $2.27 billion, the government said in …

Samsung’s fourth-quarter revenue is best ever
2 years, 10 months ago

Samsung’s fourth-quarter revenue is best ever

Live Mint  

SEOUL : Samsung Electronics Co. capped off a year where it surpassed Intel Corp. to become the world’s No. Samsung, the world’s largest maker of smartphones and televisions, is considered a tech-industry bellwether, as a major electronics manufacturer and components supplier to companies such as Apple Inc. and Sony Group Corp. For the full year, Samsung’s net profit rose 51% …

Samsung announces $17 billion advanced semiconductor plant in Texas amid worldwide chip shortage
3 years, 1 month ago

Samsung announces $17 billion advanced semiconductor plant in Texas amid worldwide chip shortage

Firstpost  

Samsung has said it will start building the brand-new semiconductor plant in Austin, Texas next year and hopes to begin operations in the second half of 2024. Samsung said it plans to build a $17 billion semiconductor factory outside of Austin, Texas, amid a global shortage of chips used in phones, cars and other electronic devices. “You’re clearly seeing some …

Samsung says it will build $17B chip factory in Texas
3 years, 1 month ago

Samsung says it will build $17B chip factory in Texas

Associated Press  

Samsung said it plans to build a $17 billion semiconductor factory outside of Austin, Texas, amid a global shortage of chips used in phones, cars and other electronic devices. The South Korean electronics giant chose the site based on a number of factors, including government incentives and the “readiness and stability” of local infrastructure, said Samsung Vice Chairman Kinam Kim, …

Samsung to invest $205 billion in tech, robotics, creating 40,000 new jobs
3 years, 3 months ago

Samsung to invest $205 billion in tech, robotics, creating 40,000 new jobs

Firstpost  

The announcement comes just days after Lee Jae-yong, the de-facto leader of the conglomerate, walked out of prison on parole after completing only about half of his jail term. Samsung Group unveiled a $205 billion investment blueprint on Tuesday aimed at making the company a leader in a range of technologies from semiconductors to robotics and creating 40,000 new jobs. …

Chips are in short supply. Manufacturers are spending big to prevent a repeat
3 years, 7 months ago

Chips are in short supply. Manufacturers are spending big to prevent a repeat

CNN  

New Delhi CNN Business — As the world grapples with a shortage of semiconductors, South Korea’schipmakers are spending huge amounts of money to shore up their production in the decade ahead. The announcement Thursday from co-CEO and Vice Chairman Park Jung-ho at a government event “demonstrated his strong will that SK Hynix will devote to stabilize the global semiconductor supply …

Samsung First-Quarter Profit Likely Surged 45% on Bumper Smartphone, Appliance Sales
3 years, 8 months ago

Samsung First-Quarter Profit Likely Surged 45% on Bumper Smartphone, Appliance Sales

News 18  

Samsung Electronics Co Ltd likely saw a 45 percent jump in profit for January-March on robust sales of smartphones, TVs and home appliances, though chip division earnings are seen tumbling after a storm suspended production at its US plant. Operating profit for the South Korean tech giant in the quarter is expected to have climbed to 9.3 trillion won, according …

Taiwan’s TSMC is pouring $100 billion into chipmaking to prevent another shortage
3 years, 8 months ago

Taiwan’s TSMC is pouring $100 billion into chipmaking to prevent another shortage

CNN  

Hong Kong CNN Business — Taiwan Semiconductor Manufacturing Company, the world’s largest contract chipmaker, announced Thursday that it expects to pour $100 billion into advanced chips over the next three years to keep up with rising demand. “In order to keep up with demand,” TSMC expects to use the funds to “increase capacity to support the manufacturing and of advanced …

Samsung Reportedly in Talks With Google's Waymo for Supply of Autonomous Driving Chip
3 years, 9 months ago

Samsung Reportedly in Talks With Google's Waymo for Supply of Autonomous Driving Chip

News 18  

Samsung Electronics recently won a project for Google parent Alphabet’s autonomous driving unit Waymo to develop chips for next-generation self-driving cars, South Korean media reported on Monday. Samsung will develop a chip that computes data collected from various sensors installed in autonomous vehicles or centrally controls functions by exchanging information with Google data centres in real time, South Korean newspaper …

Samsung considers four sites in U.S. for $17 bln chip plant
3 years, 9 months ago

Samsung considers four sites in U.S. for $17 bln chip plant

The Hindu  

Samsung Electronics Co Ltd is considering two sites in Arizona and another one in New York in addition to Austin, Texas, for a new $17 billion chip plant, according to documents filed with Texas state officials. The tech giant is Samsung is in talks with the sites at Arizona and New York, with each offering property tax abatement and "significant …

Samsung Relocating Display Factory from China to Uttar Pradesh, Will Give Push to Make in India Products
4 years ago

Samsung Relocating Display Factory from China to Uttar Pradesh, Will Give Push to Make in India Products

News 18  

India’s northern state of Uttar Pradesh on Friday said it will give financial incentives to South Korea’s Samsung Electronics to set up a Rs 48.25 billion display factory. Samsung is re-locating the factory to the state from China, the Uttar Pradesh administration said in a statement, a move that will help boost Prime Minister Narendra Modi’s flagship drive to make …

Samsung Q3 profit likely at two-year high after Huawei orders, phone recovery
4 years, 2 months ago

Samsung Q3 profit likely at two-year high after Huawei orders, phone recovery

Live Mint  

Samsung Electronics Co Ltd said its third-quarter profit likely jumped 58% to the highest in two years, beating analysts' estimates as U.S. restrictions on China's Huawei boosted the South Korean tech giant's phone and chip sales. MOBILE PROFIT BOOST Samsung was expected to post its biggest smartphone profit in at least four years, analysts said, as it gained market share …

Samsung plans to produce mobile phones worth ₹3.7 tn in India over 5 years
4 years, 4 months ago

Samsung plans to produce mobile phones worth ₹3.7 tn in India over 5 years

Live Mint  

New Delhi: Smartphone maker Samsung is planning to produce mobile phones worth ₹3.7 lakh crore in India over the next five years, according to government sources. People aware of the discussion said the company will be manufacturing smartphones worth ₹2.2 lakh crore, priced above ₹15,000 per unit, under the production-linked incentive scheme. The government expects mobile phones worth ₹11 lakh …

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