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

Quick Technology News on May 27th: Recently, Lee Jae-yong, chairman of South Korea’s Samsung Group, said in an interview with the media that he would persist in developing in China and be committed to becoming a company loved by the Chinese people. Lee Jae-yong introduced 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. "Samsung will persist in developing in China, be committed to being a company loved by the Chinese people, and continue to make its own contribution to mutually beneficial cooperation between South Korea and China." Lee Jae-yong said. It is reported that Samsung is increasing its investment in China, such as increasing the production of mobile phones in mainland China from the planned 44 million units to 67 million units. The news also mentioned that Samsung’s Xi’an semiconductor factory is also increasing investment. Samsung Electronics executives have decided to upgrade its Xi’an NAND flash memory factory to a 236-layer NAND process and have begun large-scale expansion. As of 2023, Samsung has established a total of 15 factories in China and has invested a total of US$54.8 billion in China, of which investment in cutting-edge industries accounts for nearly 80%. It has established 9 R&D centers and collaborates with more than 3,000 supply chain partners to localize The procurement ratio reached 54%. Yang Jie, President of China Samsung, also said before: "China Samsung has an ever-changing business philosophy, 'to be a company loved by the Chinese people, a company that contributes to Chinese society', and to develop together with China."

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