According to the news of the Kunshan Municipal Government of Jiangsu Province, Samsung will cooperate with the city for the wafer carrier project, and in the next five years from 2013, it will add another US$1.7 billion in investment in Kunshan.

The wafer carrier project launched by Kunshan and Samsung will help Samsung lay the foundation for the rapid growth of the smart terminal equipment market and also increase the global production capacity of Samsung's wafer carrier board by more than three times.

Established in 2008, Samsung Kunshan Factory is mainly engaged in the research and development and production of electronic components. By the end of 2012, Samsung's total investment in Kunshan amounted to US$80.99 million and annual sales of approximately US$100 million. The investment amount will be used to build factories, purchase equipment, and set up a research center operated by Samsung Electro-Mechanics Co. to support the development of wafer carrier related projects.

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