Samsung to set up factory in Indonesia
Indonesia is one of the fastest growing markets for mobile devices and Samsung looks to cater to that demand by setting up a factory in the country. Reuters reports that Samsung has revealed its plans to set up a factory for producing mobile devices in Indonesia, however the company did not say exactly what the size of this investment is going to be.
The country is already being eyed by Foxconn, famous for developing Apple’s products, for a manufacturing facility that would be a $1 billion investment in Indonesia. Samsung says it has been discussing its intention of setting up a factory with the Indonesian government and that it expects to build up the capacity to 900,000 units per month. Though initially Samsung is expected to start with a capacity of 100,000 units per month.
Samsung already has multiple factories in the region, including in China and Vietnam.