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STORY story1288811 Latest (Samsung has opened a new smartphone factory in India (KRW)) english STORY https://hypegram.com/story?q=1288811 /storyImage/1288811 Wed Jul 11 2018 14:53:25 GMT+0000 (UTC) {}

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Business Insider
68 d ago
Samsung has opened a new smartphone factory in India (KRW)
This story was delivered to Business Insider Intelligence Apps and Platforms Briefing  subscribers hours before appearing on Business Insider. To be the first to know, please click here .
Samsung has opened the world’s largest smartphone manufacturing facility in India, Bloomberg  reported  Monday. The 35-acre factory will allow Samsung to manufacture 120 million mobile devices a year — nearly twice the amount that the company produced in India in 2017.
BI Intelligence See the rest of the story at Business Insider
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Reuters
70 d ago
Samsung opens world's largest phone factory in India
Samsung Electronics has formally opened a new factory in India, which the South Korean tech group says is the world's biggest mobile phone manufacturing plant, part of its plans to expand production in the world's fastest growing major mobile phone market.
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The Next Web
70 d ago
Samsung opens world’s largest mobile phone factory in India

Samsung Electronics opened the world’s largest mobile phone manufacturing plant by production capacity in India yesterday, taking the fight to its rivals in the burgeoning smartphone market in the country. The new plant – located in the industrial city of Noida – will help Samsung gradually double its current annual production capacity in India from 67 million phones to 120 million in the next three years. The factory is also expected to provide at least 1,000 more local jobs. The new factory was made possible thanks to the state government’s Mega Plan, under which Samsung had announced an investment of more…
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Daily Mail
70 d ago
Samsung opens the world's largest phone factory in India
Samsung has opened the doors of what it's calling the world's largest smartphone factory. The 35-acre facility, located outside New Delhi, will double the tech giant's annual production there.
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CNET News
70 d ago
Samsung opens world's largest smartphone factory in India - CNET
The factory will let Samsung build cheap phones to address the Indian market.
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CNN
70 d ago
Samsung is opening 'the world's largest mobile factory'
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Venture Beat
70 d ago
Samsung opens ‘world’s largest’ phone factory in India
(Reuters) — Samsung Electronics on Monday announced the opening of what it said is the world’s biggest mobile phone manufacturing facility as the South Korean tech group seeks to expand production in the world’s fastest growing major mobile phone market. The facility in Noida, on the outskirts of New Delhi, will allow Samsung to m… Read More
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TechCrunch
70 d ago
Samsung’s new India phone factory is ‘world’s largest’
This week Samsung is opening what it’s calling the world’s largest mobile phone factory in the world’s second largest smartphone market. Expansion, which will be fully complete in 2020, is expected to nearly double Noida (New Okhla Industrial Development Authority), India’s current phone producing capabilities from 68- to 120 million phones per year.
The electronics giant has been producing phones in the country for well over a decade (while the original factory dates back to 1996), while much of the competition has mostly been dabbling. Earlier this year, for instance, Apple started a manufacturing trial run of the iPhone 6S, after having previous done a small batch of the iPhone SE.
Along with bringing jobs, such localized manufacturing could also go a ways toward helping bring the cost of devices down. India’s government, naturally, is excitedly embracing the announcement as art of its “Make in India” initiative. As such, Prime Minister Narendra Modi was on-hand for the opening ceremony, along with South Korean president Moon Jae-in, repping his home country’s largest company.
“Our Noida factory, the world’s largest mobile factory, is a symbol of Samsung’s strong commitment to India, and a shining example of the success of the Government’s ‘Make in India’ program,” Samsung India CEO HC Hong said in a release tied to the news. “Samsung is a long-term partner of India. We ‘Make in India’, ‘Make for India’ and now, we will ‘Make for the World’. 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.”
India represents a massive — and growing — smartphone market. Last year the country passed the U.S., becoming the number two market after China. A commitment to local manufacturing will no doubt go a long way for Samsung, which currently ranks as the number two smartphone maker in the country, behind Xiaomi.
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The Verge
71 d ago
Samsung opens world’s biggest phone factory in India
Samsung Electronics is cutting the ribbon today, with Indian prime minister Narendra Modi and South Korean president Moon Jae-in, on what is claimed to be the world’s biggest mobile phone manufacturing plant. It’s situated in Noida, a satellite city of the Indian capital Delhi, and is said to be capable of churning out up to 120 million smartphones a year. According to Bloomberg , Samsung says it’ll use the plant to make entry-level phones that sell for less than $100, as well as flagship devices like the Galaxy S9.
India is a huge smartphone market with over 400 million users, but the country’s population of 1.3 billion means that there’s still a lot of untapped potential. 2017 smartphone shipments reached 124 million, according to...
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