Chinese Premier in Surprise Visit to Samsung Chip Plant

16 October, 2019
Chinese Premier in Surprise Visit to Samsung Chip Plant
Chinese Premier Li Keqiang paid a surprise visit to a Samsung microchip plant in Xian, Shanxi Province on Monday.

According to Chinese state media, Li said, "The Chinese market is vast and its industries are evolving into high value-added sectors resulting in huge business opportunities."

Li added that China's market will open further and welcomed "continuous investment by global high-tech companies like Samsung."

The visit was part of the premier's tour of businesses in Shanxi Province and Samsung was only told a day in advance.

Chinese Premier Li Keqiang looks at a display at Samsung's semiconductor plant in Xian, China on Tuesday.
Samsung has invested US$10.9 billion in China so far and plans to spend more, bringing its total investment to $15 billion.

The semiconductor plant in Xian marks the biggest overseas investment for the Korean electronics giant. The first plant there was completed in 2014, while a second one is currently being built. 
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