Samsung Display invested about $ 653 million in this.
According to the Economic Times, Samsung Display has started manufacturing smartphone displays in India. This display division of Samsung produces over 70% of presentations for TVs, mobile phones, tablets, and other electronics in Asian countries such as China, Vietnam, and South Korea.
The South Korean giant began producing smartphone displays in April 2021 at its plant in Noida, Uttar Pradesh. As a result of the move, 500 people were directly and approximately employed 1,300 people – indirectly. India previously offered Samsung financial incentives to open a display factory in Noida. This government is taking many measures to ensure that the country remains the world’s manufacturing center.
The most popular smartphone displays are now being assembled outside of China.
Samsung Display moves manufacturing to India.
The South Asian country recently approved a $ 1.02 billion local production stimulus program. The country’s leadership suggests that chip makers will start operating in India. Samsung Display has invested approximately $ 653 million to move its display division from China to India.
Samsung will expand production from displays to other peripherals such as monitors and other IT products in the future.