Samsung to Boost Mobile Phone Production and Expand Semiconductor Facility in China

TapTechNews, May 27. According to Xinhua News Agency, on the afternoon of May 26 local time, during the 9th China-Japan-South Korea leaders' meeting held in Seoul, Lee Jae-yong, chairman of South Korea's Samsung Group, said that he will 'insist on developing in China and is committed to being a company favored by the Chinese people.'

It is reported that Lee Jae-yong introduced the situation of Samsung Group's investment and cooperation in China, thanked the Chinese government for its strong support for Samsung's production and operation in China, and said that Samsung will insist on developing in China and is committed to being a company favored by the Chinese people, and will continue to make its own contribution to the mutually beneficial cooperation between South Korea and China.

Previously, it was reported that Samsung is increasing the mobile phone production in the Chinese mainland, increasing the production of JDM (joint development, design and manufacturing) products from 44 million units to 67 million units, and at the same time increasing the global mobile phone production target from the original 253 million units to 270 million units, which also means that 25% of the relevant production targets are made in the Chinese mainland.

TapTechNews noted that according to the 2024 first quarter China mobile phone market tracking report of the International Data Corporation (IDC), Samsung ranks 5th in the Chinese folding screen mobile phone market, with a share of 5.9%.

In addition, it is reported that Samsung's Xi'an Semiconductor Factory is also increasing its investment. The senior management of Samsung Electronics has decided to upgrade its Xi'an NAND flash memory factory to 236-layer NAND process and has begun large-scale expansion.