In a move to expand its smartphone presence in the Indian market, Samsung has began the production of OLED panels as of this month at its Noida plant in India through its Display unit.
According to a TechRadar report, the South Korean tech giant is starting the production of OLED panels for its smartphones in the Noida factory. As per a spokesperson from the company’s display unit, “Some of the production lines starts to manufacture” in the plant in India. Furthermore, the brand is also planning on soon start the production of making IT display panels as well at this factory.
Notably, this would mark the first time the company has made any display manufacturing is being done in India. This is also in line with the nation’s plans on becoming a global hub for smartphone and related technologies manufacturing. The Samsung Display’s Noida plant will supply components to its the brand’s smartphone unit, for the Galaxy range of handsets that will be sold within the region. For those unaware, the Indian smartphone market is one of the largest in the world and is also a key region for the company.
Thus, sourcing and assembling its devices within the country would also help lower its costs by avoiding import duties by shipping components from overseas. With this move, the company is set to invest $705.75 million in the project and also hopes to create about 1,300 jobs in the region. Recently, the smartphone maker even saw a breakthrough with its OLED panels, which now has lowered power consumption by automatically adjusting the display’s refresh rate. This can save power by about 22 percent compared to existing smartphone displays.
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