Samsung Reportedly Plans to Expand Exports Using India's New Smartphone Manufacturing Subsidy, Considers Additional Investment

On October 23, reports said Samsung Electronics plans to use the Indian government's newly launched smartphone manufacturing scheme to increase exports of phones produced in India. The scheme will offer higher subsidies for additional exports. Samsung is considering expanding its production capacity in India, including additional investment. If the global smartphone market continues to contract due to high memory chip costs, the company may also shift some production capacity from countries such as Vietnam to India. (Jiemian)