Samsung Display, a flat-screen supplier to Samsung Electronics, said on Monday it was considering building a factory in India, without elaborating further, Reuters reported.
Samsung will be investing $500 million or Rs 3500 crore over a three-year period to make smartphone displays in India by setting up a manufacturing plant in Delhi’s satellite city Noida.
Samsung India’s smartphone market share has declined from 23 percent in Q3 2018 to 20 percent in Q3 2019. Xiaomi retained the lead throughout the period and had 26 percent share in Q3 2019. Chinese rivals Vivo, Oppo and Realme boosted their share of the market.
Samsung India earlier launched the world’s largest mobile factory in 2018 in Noida to double its current capacity for mobile phones in Noida from 68 million units per year to 120 million units per year.
Samsung Electronics last year stopped production in China where it had to contend with competition from domestic rivals such as Huawei.
South Korea’s presidential office said on October 10 2019 that Samsung Display, an Apple supplier, plans to invest 13.1 trillion won or $11.0 billion) on facilities and research and development of next-generation display technology by 2025.
Samsung Display in August said it was looking at suspending one of its South Korean LCD production lines due to a supply glut.
LG Display earlier announced a voluntary redundancy program for domestic production line employees amid mounting financial losses.
Samsung Electronics said it spent 500 billion won on its display business during the April-June quarter.
Samsung plans to begin operation of its newly upgraded “quantum dot” line from 2021 with a monthly capacity of 30,000 sheets, according to the company.