SAMSUNG INVESTS IN SHANGHAI'S COMMUNICATIONS INDUSTRY
AsiaInfo Services, May, 1996
AsiaInfo Services 05-17-1996 Samsung Invests in Shanghai's Communications Industry SHANGHAI, May 17, AsiaInfo Services, Inc -- With a first-phase investment of US$ 5 million, the South Korea-based Samsung Electronics Co., Ltd. and the Shanghai Kangcheng Communication Equipment Co., Ltd. jointly established the Shanghai Samsung-Kangcheng Electronic Communication Co., Ltd.
to develop and manufacture code division multiple access (CDMA) wireless spread spectrum systems with the world -advanced communication technology. With an investment of US$ 24 million during the second phase, an annual production capacity of 300,000 to 500, 000 lines of equipment will be formed and its annual sales will reach RMB 2 billion. Copyright 1996 AsiaInfo Services (via...
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