Samsung to invest further $1.7 billion in China

The South Korean electronics giant plans to continue investment in China by expanding its manufacturing facilities in Kunshan.
Written by Charlie Osborne, Contributing Writer on
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Samsung will be investing $1.7 billion to outfit and expand operations within Kunshan, greater Suzhou, China.

According to Reuters, Kunshan is a fast-growing manufacturing hub which currently contained over 250 supplier networks. Samsung is currently building a chip development and manufacturing facility in the northwestern Chinese city Xi'an worth $7 billion, but the latest round of investment will go towards workshops, equipment and the construction of research institutes to expand the original plant, which was set up in 2008.

Samsung will be using the new facilities to support "chip carrier related projects," and they will mainly be operated by the electronics firm's mechanics subsidiary.

In order to stay ahead of the game in the tech industry, Samsung has been poring money into a number of investment projects. In addition to Kunshan, the electronics maker was given the go-ahead to invest $3.9 billion in a chip-making facility in Texas, bringing the plant's overall investment to $13 billion since its launch. 

The firm recently overtook Apple to become the world's largest buyer of semiconductors including chips, memory and processors, according to research from Gartner.

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