Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Samsung weighs setting up 5G gear production hub in India
Mint Mumbai
|September 13, 2023
Samsung Electronics Co. Ltd is evaluating making India a hub for making 5G equipment as it weighs alternatives to China for expanding production, three people aware of the development said. The South Korean conglomerate is considering India alongside Vietnam for its plans.
-
“The industry, which makes 5G equipment, is currently in China, and due to the situation right now, it is such that further expansion of the company is not possible. There is no choice but to move out of China anyway. Other than Vietnam, India is the top prospect as a replacement for having the factories in China," a top executive from a trade body said on condition of anonymity. The person added that the plan is still at an early stage and might need time to materialize.
This story is from the September 13, 2023 edition of Mint Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Mumbai
Mint Mumbai
Earnings pops fail to keep investors in high spirits
India’s earnings season is sending a clear message to investors: Quarterly earnings beats alone are no longer enough to keep stocks flying.
3 mins
May 20, 2026
Mint Mumbai
Satellite-to-smartphone plan faces industry divide
High up in the mountains or deep down in the jungles, your smartphone may still stay connected, thanks to direct-to-device (D2D) satellite technology making its way to India.
4 mins
May 20, 2026
Mint Mumbai
TCS links monthly performance pay to WFO in salary hike
Tata Consultancy Services Ltd’s (TCS) decision to award hikes of up to 6% to top performers should have sparked jubilation. Instead, revised compensation letters show changes that link work-from-office to monthly pay, and a salary structure that has left many employees confused about the impact on take-home pay.
2 mins
May 20, 2026
Mint Mumbai
Carmakers seek flex-fuel sops amid blending drive
Call for lower prices for high-ethanol fuels as govt issues standards for E85, E100
3 mins
May 20, 2026
Mint Mumbai
Ascent of artificial intelligence poses new challenges to banks
Top banks are stepping up cyber defences, hiring, and insurance coverage as concerns grow that advanced artificial intelligence (AI) systems could make cyberattacks faster and harder to contain.
3 mins
May 20, 2026
Mint Mumbai
The American rebellion against AI is gaining steam
The only thing growing faster than the artificial-intelligence industry may be Americans’ negative feelings about it—as former Google Chief Executive Eric Schmidt saw on Friday.
5 mins
May 20, 2026
Mint Mumbai
Boeing’s China comeback will be turbulent even with a deal
The plane-maker can’t escape the US-China geopolitical crossfire
3 mins
May 20, 2026
Mint Mumbai
PepsiCo India revenue rises 8% in 2025, driven by snacks
PepsiCo India Holdings Pvt. Ltd reported an 8% rise in consolidated revenue to ₹9,798 crore for calendar year 2025, while net profit rose 4.5% to ₹905 crore.
2 mins
May 20, 2026
Mint Mumbai
AIFs seek easier accreditation rules, sharper incentives
India’s alternative investment funds are seeking to widen access to a small but fast-growing pool of wealthy investors, arguing that a cumbersome accreditation system and limited incentives are slowing participation even as the sector grows quickly.
1 mins
May 20, 2026
Mint Mumbai
Advent to invest $150 mn for Balaji minority stake
Global private equity firm Advent International will invest $150 million for a significant minority stake in Iscon Balaji Foods Pvt. Ltd (IBF), one of India’s top potato processors, a joint statement said Tuesday.
1 mins
May 20, 2026
Translate
Change font size