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Sunday, January 27, 2013
Samsung to Invest in Shanghai Plant: report

Samsung Electronics will invest $1.7 billion in a plant in Kunshan, in the west of Shanghai, the Xinhua news agency reported on Sunday.

Samsung, which already runs 250 factories in China, will build workshops, purchase equipment and set up research institutes operated by Samsung Electro-Mechanics Co. in Kunshan. These new facitilies are expected to support a chip carrier related project, Xinhua said, citing sources with the Kunshan municipal government.

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