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  • Samsung Electronics Co Ltd said on Tuesday it plans to invest at least KRW 21.4 trillion ($18.63 billion or roughly Rs. 1,20,732 crores) in South Korea as it seeks to extend its lead in memory chips and next-generation displays for smartphones.The world's biggest memory chip maker by revenue said the spending includes KRW 14.4 trillion by 2021 on its new NAND factory in Pyeongtaek. It will invest KRW 6 trillion in a new semiconductor production line in Hwaseong, but did not elaborate on timing or product.The firm will also add a production line to its NAND plant in Xi'an, China, in response to booming demand for long-term data storage chips. It has not set an investment amount or time frame.Samsung and other memory makers are widely expected to post record profit in 2017 as a persistent shortage and demand for more capability in smartphones and servers lift prices. Industry sources and analysts said the shortage is more acute for NAND chips due to increasing adoption of hi..

    Samsung Plans $18.6 Billion Investment, Seeks to Extend Chip and Display Lead

    Samsung Electronics Co Ltd said on Tuesday it plans to invest at least KRW 21.4 trillion ($18.63 billion or roughly Rs. 1,20,732 crores) in South Korea as it seeks to extend its lead in memory chips and next-generation displays for smartphones.The world's biggest memory chip maker by revenue said the spending includes KRW 14.4 trillion by 2021 on its new NAND factory in Pyeongtaek. It will invest KRW 6 trillion in a new semiconductor production line in Hwaseong, but did not elaborate on timing or product.The firm will also add a production line to its NAND plant in Xi'an, China, in response to booming demand for long-term data storage chips. It has not set an investment amount or time frame.Samsung and other memory makers are widely expected to post record profit in 2017 as a persistent shortage and demand for more capability in smartphones and servers lift prices. Industry sources and analysts said the shortage is more acute for NAND chips due to increasing adoption of hi..
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  • Taiwanese electronics manufacturer Foxconn on Wednesday announced plans to build a $10 billion (roughly Rs. 64,111 crores) LCD display panel screen plant in Wisconsin, a deal President Donald Trump asserted would not have happened without his efforts.The company said it plans to invest $10 billion over four years to build a 20-million square foot plant that could eventually employ up to 13,000.Trump praised Foxconn chairman Terry Gou at a White House event, asserting: "If I didn't get elected, he definitely wouldn't be spending $10 billion ... This is a great day for America."Wisconsin Governor Scott Walker said at the White House his state will award $3 billion (roughly Rs. 19,235 crores) in incentives and sign a memorandum of understanding on the investment on Thursday.He told reporters at the White House the state legislature will need to approve the $3 billion incentives package. About half is for capital costs and nearly half for workforce development. There are also..

    Foxconn Announces Plans to Build $10-Billion LCD Manufacturing Plant in the US

    Taiwanese electronics manufacturer Foxconn on Wednesday announced plans to build a $10 billion (roughly Rs. 64,111 crores) LCD display panel screen plant in Wisconsin, a deal President Donald Trump asserted would not have happened without his efforts.The company said it plans to invest $10 billion over four years to build a 20-million square foot plant that could eventually employ up to 13,000.Trump praised Foxconn chairman Terry Gou at a White House event, asserting: "If I didn't get elected, he definitely wouldn't be spending $10 billion ... This is a great day for America."Wisconsin Governor Scott Walker said at the White House his state will award $3 billion (roughly Rs. 19,235 crores) in incentives and sign a memorandum of understanding on the investment on Thursday.He told reporters at the White House the state legislature will need to approve the $3 billion incentives package. About half is for capital costs and nearly half for workforce development. There are also..
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  • Related Stories New factory investments? Now? Volvo Cars will double down its bet on its upcoming U.S. factory by adding production of its next-generation XC90 crossover and boosting investment to a total of $1.1 billion. Volvo said Monday it would double its investment in the factory, committing a total of $1.1 billion and adding 1,900 workers to a planned force of 2,000 for a capacity of 150,000 vehicles. The South Carolina plant is slated to open in fall 2018, launching with the production of the S60 sedan. Production of the second-generation XC90 will begin in 2021. The XC90 -- Volvo's best-selling vehicle in the U.S. and currently built in Torslanda, Sweden -- is the second vehicle planned for production at the Chinese-owned Swedish automaker's factory, currently under construction in Berkeley County, S.C. The plant will be Volvo's first manufacturing operation in the U.S., and is a key part..

    Volvo adds XC90 to first U.S. plant, will boost investment to $1.1 billion

    Related Stories New factory investments? Now? Volvo Cars will double down its bet on its upcoming U.S. factory by adding production of its next-generation XC90 crossover and boosting investment to a total of $1.1 billion. Volvo said Monday it would double its investment in the factory, committing a total of $1.1 billion and adding 1,900 workers to a planned force of 2,000 for a capacity of 150,000 vehicles. The South Carolina plant is slated to open in fall 2018, launching with the production of the S60 sedan. Production of the second-generation XC90 will begin in 2021. The XC90 -- Volvo's best-selling vehicle in the U.S. and currently built in Torslanda, Sweden -- is the second vehicle planned for production at the Chinese-owned Swedish automaker's factory, currently under construction in Berkeley County, S.C. The plant will be Volvo's first manufacturing operation in the U.S., and is a key part..
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  • Related Stories New factory investments? Now? Volvo Cars will double down its bet on its upcoming U.S. factory by adding production of its next-generation XC90 crossover and boosting investment to a total of $1.1 billion. Volvo said Monday it would double its investment in the factory, committing a total of $1.1 billion and adding 1,900 workers to a planned force of 2,000 for a capacity of 150,000 vehicles. The South Carolina plant is slated to open in fall 2018, launching with the production of the S60 sedan. Production of the second-generation XC90 will begin in 2021. The XC90 -- Volvo's best-selling vehicle in the U.S. and currently built in Torslanda, Sweden -- is the second vehicle planned for production at the Chinese-owned Swedish automaker's factory, currently under construction in Berkeley County, S.C. The plant will be Volvo's first manufacturing operation in the U.S., and is a key part..

    Volvo adds XC90 to first U.S. plant, will boost investment to $1.1 billion

    Related Stories New factory investments? Now? Volvo Cars will double down its bet on its upcoming U.S. factory by adding production of its next-generation XC90 crossover and boosting investment to a total of $1.1 billion. Volvo said Monday it would double its investment in the factory, committing a total of $1.1 billion and adding 1,900 workers to a planned force of 2,000 for a capacity of 150,000 vehicles. The South Carolina plant is slated to open in fall 2018, launching with the production of the S60 sedan. Production of the second-generation XC90 will begin in 2021. The XC90 -- Volvo's best-selling vehicle in the U.S. and currently built in Torslanda, Sweden -- is the second vehicle planned for production at the Chinese-owned Swedish automaker's factory, currently under construction in Berkeley County, S.C. The plant will be Volvo's first manufacturing operation in the U.S., and is a key part..
    Read More
  • Related Stories New factory investments? Now? Volvo Cars will double down its bet on its upcoming U.S. factory by adding production of its next-generation XC90 crossover and boosting investment to a total of $1.1 billion. Volvo said Monday it would double its investment in the factory, committing a total of $1.1 billion and adding 1,900 workers to a planned force of 2,000 for a capacity of 150,000 vehicles. The South Carolina plant is slated to open in fall 2018, launching with the production of the S60 sedan. Production of the second-generation XC90 will begin in 2021. The XC90 -- Volvo's best-selling vehicle in the U.S. and currently built in Torslanda, Sweden -- is the second vehicle planned for production at the Chinese-owned Swedish automaker's factory, currently under construction in Berkeley County, S.C. The plant will be Volvo's first manufacturing operation in the U.S., and is a key part..

    Volvo adds XC90 to first U.S. plant, will boost investment to $1.1 billion

    Related Stories New factory investments? Now? Volvo Cars will double down its bet on its upcoming U.S. factory by adding production of its next-generation XC90 crossover and boosting investment to a total of $1.1 billion. Volvo said Monday it would double its investment in the factory, committing a total of $1.1 billion and adding 1,900 workers to a planned force of 2,000 for a capacity of 150,000 vehicles. The South Carolina plant is slated to open in fall 2018, launching with the production of the S60 sedan. Production of the second-generation XC90 will begin in 2021. The XC90 -- Volvo's best-selling vehicle in the U.S. and currently built in Torslanda, Sweden -- is the second vehicle planned for production at the Chinese-owned Swedish automaker's factory, currently under construction in Berkeley County, S.C. The plant will be Volvo's first manufacturing operation in the U.S., and is a key part..
    Read More
  • Related Stories New factory investments? Now? Volvo Cars will double down its bet on its upcoming U.S. factory by adding production of its next-generation XC90 crossover and boosting investment to a total of $1.1 billion. Volvo said Monday it would double its investment in the factory, committing a total of $1.1 billion and adding 1,900 workers to a planned force of 2,000 for a capacity of 150,000 vehicles. The South Carolina plant is slated to open in fall 2018, launching with the production of the S60 sedan. Production of the second-generation XC90 will begin in 2021. The XC90 -- Volvo's best-selling vehicle in the U.S. and currently built in Torslanda, Sweden -- is the second vehicle planned for production at the Chinese-owned Swedish automaker's factory, currently under construction in Berkeley County, S.C. The plant will be Volvo's first manufacturing operation in the U.S., and is a key part..

    Volvo adds XC90 to first U.S. plant, will boost investment to $1.1 billion

    Related Stories New factory investments? Now? Volvo Cars will double down its bet on its upcoming U.S. factory by adding production of its next-generation XC90 crossover and boosting investment to a total of $1.1 billion. Volvo said Monday it would double its investment in the factory, committing a total of $1.1 billion and adding 1,900 workers to a planned force of 2,000 for a capacity of 150,000 vehicles. The South Carolina plant is slated to open in fall 2018, launching with the production of the S60 sedan. Production of the second-generation XC90 will begin in 2021. The XC90 -- Volvo's best-selling vehicle in the U.S. and currently built in Torslanda, Sweden -- is the second vehicle planned for production at the Chinese-owned Swedish automaker's factory, currently under construction in Berkeley County, S.C. The plant will be Volvo's first manufacturing operation in the U.S., and is a key part..
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  • Samsung Electronics expects to invest $7 billion (roughly Rs. 44,726 crores) over the next three years to expand its NAND memory chip production in China's northwestern city of Xi'an, the South Korean tech giant said on Monday.In a regulatory filing Samsung said it approved $2.3 billion of the expected investment of $7 billion on Monday.In early July, when Samsung announced an investment of $18.6 billion in South Korea, it said it would add a production line at its NAND plant in Xi'an, but did not set an investment amount.A Samsung Electronics spokesman declined to comment on the amount of capacity to be added by the approved or planned investment.The firm accounted for 38.3 percent of global NAND flash memory chip revenue in April-June, the latest data from researcher IHS showed.China is trying to develop its own memory chip producers but it is likely to be several years before they can compete with existing makers, analysts said.Samsung Electronics said a memory ..

    Samsung to Invest $7 Billion to Boost Its China NAND Memory Chip Output

    Samsung Electronics expects to invest $7 billion (roughly Rs. 44,726 crores) over the next three years to expand its NAND memory chip production in China's northwestern city of Xi'an, the South Korean tech giant said on Monday.In a regulatory filing Samsung said it approved $2.3 billion of the expected investment of $7 billion on Monday.In early July, when Samsung announced an investment of $18.6 billion in South Korea, it said it would add a production line at its NAND plant in Xi'an, but did not set an investment amount.A Samsung Electronics spokesman declined to comment on the amount of capacity to be added by the approved or planned investment.The firm accounted for 38.3 percent of global NAND flash memory chip revenue in April-June, the latest data from researcher IHS showed.China is trying to develop its own memory chip producers but it is likely to be several years before they can compete with existing makers, analysts said.Samsung Electronics said a memory ..
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