Samsung Group Chairman Lee Jae-yong: Persist in developing in China and commit to becoming a company loved by the Chinese people

News from this site on May 27. According to Xinhua News Agency, on the afternoon of May 26, local time, during the ninth China-Japan-ROK leaders’ meeting held in Seoul, Lee Jae-yong, chairman of South Korea’s Samsung Group, made a speech. It shows that it will "persist in development in China and be committed to becoming an enterprise loved by the Chinese people."

According to the report, Lee Jae-yong introduced the Samsung Group’s investment and cooperation in China, and thanked the Chinese government for its strong support for Samsung’s production and operation in China. stated that Samsung will persist in developing in China and is committed to doing An enterprise loved by the Chinese people will continue to make its own contribution to the mutually beneficial cooperation between South Korea and China.

Previous news said that Samsung is increasing the production of mobile phones in mainland China, increasing the production of JDM (jointly developed, designed and manufactured) products from 44 million units to 67 million units, while also increasing the global mobile phone production target from the original 253 million units. Increased to 270 million units,this also means that 25% of the relevant production targets are made in mainland China.

This site noticed that the International Data Corporation (IDC) China mobile phone market tracking report for the first quarter of 2024 showed that Samsung ranked fifth in China’s folding screen mobile phone market, with a share of 5.9%.

In addition, it is reported that Samsung’s Xi’an semiconductor factory is also increasing investment, and Samsung Electronics executives have decided to upgrade its Xi’an NAND flash memory factory to the 236-layer NAND process, and has begun large-scale expansion.

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