Samsung Electronics Co. denied media reports that it is pursuing to build a 4G and 5G network equipment plant in Uttar Pradesh, saying that nothing has yet been determined.
According to foreign media, Samsung applied for the Indian government's production-linked incentive (PLI) scheme to get tax benefits.
The reports said the company's upcoming plant will supply network equipment to India's largest telecom firm, Reliance Jio, and clients in other countries.
The South Korean tech giant previously supplied 4G network gear to Reliance Jio. It currently manufactures network equipment in South Korea and Vietnam.
Samsung recently signed 5G supply solutions with Japan's NTT Docomo, Canada's SaskTel, and New Zealand's Spark.
Samsung was the world's fifth-largest 5G network equipment vendor in the fourth quarter of 2020 with a market share of 7.1 percent, trailing Huawei with 31.4 percent, Ericsson with 28.9 percent, Nokia with 18.5 percent. and ZTE with 10.9 percent.


Tesla Stock Outlook: Strong EV Sales Boost Earnings, but AI Projects Drive Long-Term Value
Judge Approves Anthropic’s $1.5 Billion AI Copyright Settlement With Authors
ASML Trillion-Dollar Valuation: Can Europe’s AI Chip Giant Reach the Historic Milestone?
Ryanair Warns Summer Airfares May Stay Lower as Quarterly Profit Misses Estimates
South Korea’s Coupang Fine Sparks U.S. Criticism, Raising Concerns Over Bilateral Ties
Bank of America Says These Overlooked AI Stocks Could Be the Next Winners
SpaceX Eyes Pentagon AI Deal as Cloud Pricing Strategy Pressures CoreWeave
Nvidia Reveals 9.3% Stake in AI Cloud Firm Nebius Following $2 Billion Investment
Samsung Biologics Launches $1.81 Billion Bid to Acquire PolyPeptide
SpaceX Q2 Earnings on Aug. 4 Set Stage for Historic Insider Share Unlock
Seven & i Eyes Żabka Stake in Major European Expansion Push
Belimo H1 Sales Surge as AI Data Center Cooling Drives More Than Half of Growth
TSMC Sees Multi-Year AI Chip Demand as Arizona Expansion Reaches $265 Billion
Foxconn Wins First SpaceX AI Server Contract Worth Estimated $52 Billion
Lockheed Martin Unveils Lower-Cost Patriot ACE Interceptor to Meet Rising Air Defense Demand
SpaceX Targets Thursday Launch for Starship's 13th Test Flight After Last-Minute Delay
KKR, AEW Seek China Property Sales as Commercial Real Estate Slump Deepens 



