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Samsung to invest US$1.7b in Kunshan plant
Publish Date : 29-Jan-2013
South Korean electronics giant Samsung plans to invest US$1.7 billion in expanding and fitting out its operations in Kunshan, a fast-growing manufacturing hub west of Shanghai, the Xinhua news agency said on Sunday.
Samsung\'s expansion comes as the world\'s largest maker of handsets, memory chips and televisions attempts to diversify its clients and exert greater control over its sprawling manufacturing network, which includes 250 supplier factories in China.
The company is already building a US$7 billion chip complex in Xi\'an, an industrial city in northwestern China.
The Kunshan investment will be used to build workshops, purchase equipment and set up research institutes operated by Samsung Electro-Mechanics Co, to support a chip carrier related project, Xinhua said, citing sources with the Kunshan municipal government.
