# Samsung plans to set up a new plant in Noida, here’s how much its worth | Tech News (HT Tech) > Samsung Display filed an investment plan with India’s regulator earlier this month, saying the plant in Noida, near New Delhi, would produce smartphone displays. # Samsung plans to set up a new plant in Noida, here’s how much its worth ## Samsung Display filed an investment plan with India’s regulator earlier this month, saying the plant in Noida, near New Delhi, would produce smartphone displays. Aug 20 2022, 19:01 IST ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook.png) ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook-hover.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Share.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Shareclicked.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp-hover.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter-hover.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook-hover.png) ![Bookmark](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmark.png) ![Bookmarked](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmarked.png) ![Visitors walk past the Samsung Electronics Co. booth at the World IT Show 2012 in Seoul, South Korea.](https://images.hindustantimes.com/tech/rf/image_size_960x540/HT/p2/2020/01/20/Pictures/electronics-companies-display-latest-products-show-world_75d2ec9e-3b8c-11ea-ae56-f909945546d5.JPG) Visitors walk past the Samsung Electronics Co. booth at the World IT Show 2012 in Seoul, South Korea. (Bloomberg) ![Author Photo](https://images.hindustantimes.com/tech/static/revamp/images/png/HTTech-new-circle-logo.png) ### By INDO ASIAN NEWS SERVICE Samsung Display, South Korea's major display panel maker and an affiliate of Samsung Electronics, plans to invest $500 million in India to set up a manufacturing unit. According to US tech media outlet TechCrunch, Samsung Display filed an investment plan with India's regulator earlier this month, saying the plant in Noida, near New Delhi, would produce smartphone displays. Samsung Display officials in South Korea confirmed that the company was preparing to set up a plant there, but declined to comment on the scale of investment, Yonhap news agency reported on Monday. Also read click here. Last year, the company set up its India arm Samsung Display Noida Private Ltd. In 2018, Samsung Electronics opened a smartphone manufacturing plant in Noida to expand presence in the world's second-largest mobile phone market, after China. Industry insiders said Samsung Displays' new plant would help its parent company secure smartphone display panels at cheap prices and boost productivity. In India, Samsung Electronics has been in a fierce competition with Chinese rivals. According to data from market researcher Counterpoint, Samsung Electronics is the second-largest smartphone vendor behind China's Xiaomi Corp in India. Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. 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