Samsung weighs setting up 5G gear production hub in India

News Snapshot:

NEW DELHI : 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...