South Korean electronics giant Samsung plans to invest a total of US$7.3bn in China this year, China Daily said. Samsung Electronics China will build a thin film transistor liquefied crystal display plant and a notebook computer production firm in Suzhou, Jiangsu province, with both factories expected to begin operations in April.
Samsung will also expand the capacity of its CDMA (code division multiple access) mobile phone joint venture with Kejian in Shenzhen, Guangdong province, and its GSM (global system for mobile communication) factory in Tianjin. The company is aiming to take 35 per cent of the market for mobile phones in 2003, and 10 per cent of the market for notebook computers, increasing total revenue in China from US$5bn in 2002 to US$6.4bn in 2003.
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