Samsung Seeks PLI Extension For Smartphones, Eyes India As Production Hub

by · Inc42

SUMMARY

  • The South Korean company is looking to manufacture phone screens in the country under the PLI scheme
  • Samsung’s Southwest Asia president and CEO JB Park said that the company is also open to sourcing chips from India at competitive price points
  • In August this year, the Union cabinet approved four new semiconductor projects in Odisha, Andhra Pradesh and Punjab with a total investment of INR 4,584 Cr under the ISM