Samsung announced its 2020 plan to comprehensively enhance its competitiveness in China around "5G"

ByGrethel Petersen 2019-12-30 692

According to news, Huang Degui, president of China Samsung, said in an interview that China is the world's second largest economy and the world's largest consumer market. In addition, Samsung has always attached great importance to the investment and cooperation and exchange projects established in China, especially in the 5G era, which has already begun.

It is reported that in recent years, Samsung has expanded its investment in high-end industries in China. From 1992 to the end of 2018, the company has invested a total of US $34.9 billion in China. Of this total, a total of US $22.8 billion has been invested since 2013, increasing the proportion of investment in cutting-edge industries from 13 per cent to 55 per cent. During this period, Samsung has set up 26 production enterprises and 7 R & D centers, covering electronics, finance, heavy industry, service industry and other fields.

 
Samsung chip

In order to meet the needs of the global high-end memory chip market, Samsung invested a total of 10 billion US dollars to build the first phase of Samsung electronic memory chip project in Xi'an in 2012. The second phase of the memory chip project was built again in March 2018. In addition to the memory chip project, Samsung has also built liquid crystal panel projects and power battery projects in China.

It is understood that Samsung's 2020 plan will focus on "5G". At present, Samsung is actively establishing cooperative relations with Chinese operators. Samsung's trip is intended to comprehensively enhance the competitiveness of its 5G business in China with its advantages in technology and products, so as to meet the needs of more Chinese consumers.


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