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Samsung Electronics Increases Its Investment in Xian to US$7.5 Billion
Investment in China
Samsung Electronics Increases Its Investment in Xian to US$7.5 Billion
  • By matthew
  • September 13, 2013, 07:17
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President Park Geun-hye visits the plant of Samsung Electronics in Xian on June 30.
President Park Geun-hye visits the plant of Samsung Electronics in Xian on June 30.

 

Samsung Electronics made an additional investment of US$500 million in Xian, China, where it is building a semiconductor plant at an investment of US$7 billion. Also, it is going to set up a research center there to conduct studies on various fields such as semiconductors, smartphones, and TV, and attract the highly-educated local workforce. 

The company held the Samsung Electronics Xian R&D Center opening ceremony on September 12 in the Shaanxi Province, where it had started the construction of semiconductor production lines a year ago. 

The additional investment will be spent on the construction of post-processing lines, which will reprocess the wafers produced in the 10-nm NAND flash lines that will be in operation from next year. The post-processing lines will be put into operation from 2015. 

Samsung Electronics is planning to spend some of the US$7 billion investment in Xian on the construction of the research center. The 4,227m2-wide institute will be in close cooperation with major local colleges. “The institute will be staffed mainly with Chinese engineers for the localization of various products,” it said. 

The research institute is expected to hire 200 employees at first while working on R&D in various fields. It is planned to function as its advance base for the penetration of the western inland region of China.