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Samsung Confirms Additional $8 bln Investment into Xian-based Chip Plant

Samsung Confirms Additional $8 bln Investment into Xian-based Chip Plant

SEOUL, Dec. 13 (Korea Bizwire) — Samsung Electronics Co. will invest an additional US$8 billion into its memory chip plant in Xian, China, officials confirmed Thursday, as the South Korean tech giant further expands its presence in the world’s second largest economy. According to Chinese media and Xian’s municipal government, Kang Bong-yong, a Samsung Electronics [...]

Advanced Energy® Celebrates Grand Opening of Xi’an, China, Service Center

Advanced Energy® Celebrates Grand Opening of Xi’an, China, Service Center

XI’AN, China, Apr. 28 (Korea Bizwire) — Advanced Energy Industries, Inc. (Nasdaq:AEIS) today announced the grand opening of a service center in Xi’an, China. Situated in central China, in the Xi’an high-tech district, the bonded facility for service and repair operations expands the company’s global footprint to support semiconductor manufacturing growth in China. The new [...]

Samsung SDI Sets Up EV Battery Plant in China

Samsung SDI Sets Up EV Battery Plant in China

SEOUL, Oct. 22 (Korea Bizwire) — Samsung SDI Co., the battery-making unit of South Korea’s top conglomerate Samsung Group, said Thursday it has started running its first electric-vehicle (EV) battery production line in China, as it seeks to tap deeper into what could be the world’s biggest EV market. Samsung SDI held a dedication ceremony [...]

Samsung SDI Expands EV Battery Business by Setting up Manufacturing Base in China

Samsung SDI Expands EV Battery Business by Setting up Manufacturing Base in China

SEOUL, Aug. 20 (Korea Bizwire) – Samsung is spurring to the expansion of its business sector of batteries for electronic vehicles as a new cash cow for the group, amid the ailing group chairperson Lee Kun-hee and the falling sales of its smartphones. Vice Chairperson Lee Jae-yong of Samsung is known to pay particular attention in the sector [...]

Samsung’s Growing Dependence on China for Semiconductor and Display Panel Business

Samsung’s Growing Dependence on China for Semiconductor and Display Panel Business

SEOUL, May 9 (Korea Bizwire) – Samsung Electronics is eyeing China for its semiconductor production and display panel supplies in searching of low cost advantage. On May 9, the world’s No. 1 memory chip maker announced that it began full-scale semiconductor manufacturing operations in China’s Xi’an fab. The new facility will manufacture Samsung’s advanced NAND [...]