Samsung to open world's largest smartphone factory in India
Samsung has announced that it will be expanding one of its mobile phone factories in India, at the same time launching its "Make for the World" project to export Indian-made smartphones to foreign markets.
According to Samsung, its mobile phone factory will be the largest in the world, allowing for 120 million devices per year to be produced out of its Noida, Uttar Pradesh, facility -- which currently produces 68 million units each year.
The expansion of its existing Noida plant will be complete by 2020, with Samsung having announced a 4,915 crore rupees investment back in 2017 as part of the Uttar Pradesh government's Mega Policy.
"Our Noida factory, the world's largest mobile factory, is a symbol of Samsung's strong commitment to India ... Samsung is a long-term partner of India. We 'Make in India', 'Make for India', and now we will 'Make for the World'," Samsung India CEO HC Hong said.
"We are aligned with government policies and will continue to seek their support to achieve our dream of making India a global export hub for mobile phones."
Samsung's Galaxy S9, S9+, and Note 8 are all produced out of the existing Noida facility, with the tech giant also operating a factory in Sriperumbudur, near Chennai, along with five research and development (R&D) centres and one design centre in India.
Also read: 10 best smartphones of 2018
Samsung is expected to unveil the Galaxy Note 9 in Brooklyn, New York, on August 9 and is teaming up with ARM to work on a mobile chipset that will run at speeds above 3GHz.
At that speed, the Cortex-A76 would be more powerful than Qualcomm's best Cortex-A75 system on a chip (SoC), the Snapdragon 845, which tops out at 2.8GHz.
ARM said Cortex-A76 chips would even challenge Intel's Core i7 on performance, meaning it could benefit not just smartphones but laptops as well.
Samsung is expecting to report 14.8 trillion won in operating profit for the second quarter of the current financial year, up 5.2 percent from the 14.67 trillion won reported a year ago.
However, this also marks a decrease of 5.4 percent from the previous quarter's 15.64 trillion won.
Samsung also said it expects to report 58 trillion won in sales, down 4.9 percent year on year, following a decline in smartphone sales.
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