The project of Samsung Semiconductor Global Distribution Center is capped and is scheduled to be delivered by the end of May next year.

CTOnews.com Nov 2, Samsung Semiconductor Global Distribution Center project was completed 5 days ahead of schedule on October 31, 2023.

According to the high-end manufacturing and international trade zone of Suzhou Industrial Park, the Samsung Semiconductor Global Distribution Center project is an important logistics flagship project in Suzhou Free Trade Zone, which covers an area of 40 mu and a construction area of about 20,000 square meters.

Samsung (China) Semiconductor Co., Ltd. settled in Xi'an High-tech Zone in 2012, which is one of the largest foreign investment projects introduced since China's reform and opening up, with a total investment of more than US $27 billion (CTOnews.com Note: currently about RMB 197.64 billion).

Samsung officials have previously said that the output value of Samsung Semiconductor's Xi'an factory will exceed 100 billion yuan in 2022. They are confident in the Chinese market and will continue to invest in China.

According to reports, with the full support of the examination and approval department of the park, the Samsung Semiconductor Global Distribution Center project is clearly defined as the "land acquisition and construction project". With the assistance of the agents of the high-tech trade zone, it takes only three days from signing the land contract to obtaining the construction permit.

Officials pointed out that the cap created strong conditions for future installation and decoration, and laid the foundation for delivery by the end of May next year.