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Samsung denies seeking to build 5G equipment manufacturing plant in Uttar Pradesh, India
Release time：2024-09-19click：0
News on March 26, according to foreign media reports, recently, there were reports that Samsung Electronics is seeking to build a 5G equipment manufacturing factory in Uttar Pradesh, India, to produce 4G and 5G network equipment.
According to reports, Samsung’s new factory is apparently designed to supply network equipment to India’s largest telecommunications company Reliance Jio and customers in other countries to meet the growing market demand for 5G networks.
However, Samsung Electronics denied media reports that the company is seeking to build a 4G and 5G network equipment factory in Uttar Pradesh, saying that no decision has been made yet.
As 5G network availability continues to expand, 5G equipment suppliers, including Samsung, continue to compete for market share. So far, Samsung has won multiple 5G network commercial contracts around the world.
On Monday, the company said it had signed a 5G equipment supply contract with NTT DOCOMO, Japan’s largest mobile communications operator.
In the fourth quarter of 2020, Samsung was the world’s fifth largest 5G network equipment supplier, with a market share of 7.1%, second only to Huawei (31.4%) and Ericsson (28.9%) , Nokia (18.5%), ZTE (10.9%).
(Original title: Samsung denies seeking to build 5G equipment manufacturing plant in Uttar Pradesh, India)
