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Samsung sets up plant in China

by on16 September 2013

$500 million investment

Samsung has said that it will invest $500 million to build a packaging and testing facility in northwestern China.

Samsung's new plant investment comes on the heels of last year's $7 billion chip complex, which is also in Xi'an. The company also spend $1.7 billion injection into the firm's operations in Kunshan.

Construction of the packaging and testing facility is expected to begin in January 2014 and aims to be finished by the end of that year.

Samsung is selling well in China and setting up local plants does reduce costs.

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