Samsung Relocating Parts of Display Manufacturing From China to India: Report

- Advertisement -
  • The South-Korea based Samsung is looking invest around Rs 54 Billion in setting up this manufacturing plant
  • It has signed a memorandum of understanding with Uttar Pradesh Government in 2019

Samsung is looking to invest approx Rs 54 billion for setting up a display manufacturing unit in India’s Uttar Pradesh. At this point in time, almost zero manufacturing of display panels takes place in India.

Reuters in a report mentioned that it has seen a letter written and sent by Invest India to the government of Uttar Pradesh. In the letter, the body has recommended to incentivise Samsung Display for setting up manufacturing plant in the state. It is to be noted here that Samsung also has a mobile manufacturing facility located in Uttar Pradesh’s Noida.

Incentives under consideration

The report also points out that Satish Mahana, Uttar Pradesh’s minister for industrial development, has confirmed that the government is considering the incentives. However, a final decision is yet to be taken.

- Advertisement -

“Presently, competing nations such as Vietnam, Indonesia and Thailand are offering targeted incentive packages on capital expenditure. It is imperative that India also promote investments through appropriate fiscal and non-fiscal incentives,” Reuters quoted the CEO of Invest India.

Invest India was set up in 2009 as a non-profit venture under the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry.

Transition from LCDs to Quantum-Dot displays

Samsung Display had announced US$10.8 billion investment to produce advanced display panels last year. Weak global demand for TVs and smartphones may have encouraged Samsung Display to halt production of LCD panels. A report published by Reuters had pointed out that the Korea-based electronics giant will stop manufacturing LCD by the end of 2020.

In Q1 2020, Samsung Display, as per a report, led the smartphone display market with 52 per cent revenue share followed by BOE Technology and Tianma Microelectronics. Samsung Display maintained its position in the smartphone display category through its large panel production scale and high panel yield.

Don’t Miss

Samsung Speeds Up Transition From LCDs to Quantum-Dot Displays

TFT Display Market Starting to Rebound: Report

Samsung, Wistron, Foxconn and More Likely to Apply For PLI Schemes

- Advertisement -

Related Artcles

1 COMMENT

  1. Please avoid all cities for these projects. In USA ans Europe most pla ts are in villages. The display units are expensive items and hence cost of transport will be less compared to the unit cost. The increased cost is any is more than offset by the labour cost savings

    Union cabinet must restrict industrialisation to minor towns and limit the population to 10 lakhs max

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Buzz

Electronics Major Molex Expands In Hanoi

0
The fully integrated connector manufacturing facility in Vietnam will be laced with advanced tech and capabilities, said the company Global electronics and connectivity major Molex...

MediaTek & Invendis Join Forces For ‘Made in India’ 5G Routers And Wi-Fi

0
In-line with 'Vocal for Local', Silbo Routers are completely indigenous, says Invendis IoT and Cloud Computing solutions provider Invendis and semiconductor company MediaTek recently announced...

Dell Joins Fujitsu For Faster Open RAN Global Adoption

0
Multi-band RUs, virtualized RAN and Open RAN Accelerator Cards comprise the under-development solution architecture Fujitsu recently announced that it is working with Dell Technologies to...

Exclusive

Electronics Major Molex Expands In Hanoi

0
The fully integrated connector manufacturing facility in Vietnam will be laced with advanced tech and capabilities, said the company Global electronics and connectivity major Molex...

MediaTek & Invendis Join Forces For ‘Made in India’ 5G Routers And Wi-Fi

0
In-line with 'Vocal for Local', Silbo Routers are completely indigenous, says Invendis IoT and Cloud Computing solutions provider Invendis and semiconductor company MediaTek recently announced...

Dell Joins Fujitsu For Faster Open RAN Global Adoption

0
Multi-band RUs, virtualized RAN and Open RAN Accelerator Cards comprise the under-development solution architecture Fujitsu recently announced that it is working with Dell Technologies to...

Important Sectors

MediaTek & Invendis Join Forces For ‘Made in India’ 5G Routers And Wi-Fi

0
In-line with 'Vocal for Local', Silbo Routers are completely indigenous, says Invendis IoT and Cloud Computing solutions provider Invendis and semiconductor company MediaTek recently announced...

PLI Scheme Can Help States Become Destinations For Electronics Manufacturing: MoS

0
The manufacturing plant has been set up under the Production Linked Incentive (PLI) scheme At the recent opening ceremony of Pegatron mobile manufacturing facility, the...

Redington’s Renewable Portfolio Enhanced With New Solar Program

0
To accelerate the solar power adoption by homes and businesses, the company has launched Solar Rooftop Partner Program The leading tech company Redington Ltd recently...

The SIDM Champion Award 2022 Goes To: CoreEL!

0
On Sep 27th 2022, the India-based tech-company CoreEL received the Society of Indian Defence Manufacturers (SIDM) Champion Awards 2022. Country's Raksha Mantri Shri Rajnath...

Moxion Power Raises $100 Million; Plans To Scale Clean Energy Manufacturing

0
The company aims to meet the increasing demand for its mobile energy storage product lineup In its Series B funding round, the US-based Renewable Energy...

Manufacturing

Electronics Major Molex Expands In Hanoi

0
The fully integrated connector manufacturing facility in Vietnam will be laced with advanced tech and capabilities, said the company Global electronics and connectivity major Molex...

MediaTek & Invendis Join Forces For ‘Made in India’ 5G Routers And Wi-Fi

0
In-line with 'Vocal for Local', Silbo Routers are completely indigenous, says Invendis IoT and Cloud Computing solutions provider Invendis and semiconductor company MediaTek recently announced...

PLI Scheme Can Help States Become Destinations For Electronics Manufacturing: MoS

0
The manufacturing plant has been set up under the Production Linked Incentive (PLI) scheme At the recent opening ceremony of Pegatron mobile manufacturing facility, the...

Moxion Power Raises $100 Million; Plans To Scale Clean Energy Manufacturing

0
The company aims to meet the increasing demand for its mobile energy storage product lineup In its Series B funding round, the US-based Renewable Energy...

Wind Power Brings Continuum And GE Renewable Energy Together

0
Commercial and industrial establishments will receive the wind power produced in the respective states As per a recent announcement, GE Renewable Energy is set to...