Korean electronics giant Samsung appears to be on the brink of opening a multi-billion Rand manufacturing plant at Dube TradePort in KwaZulu-Natal.
Although official word has not been forthcoming from either Dube TradePort or KZN Economic Development bosses, a reporter from The Mercury newspaper claims to have received confirmation from Lionel October, director-general of the Department of Trade and Industry, that Samsung was finalising plans for a new factory.
The publication of The Mercury’s article was followed by an apparently accidental revelation by George Ferreira of Samsung Africa that the company will be opening a facility to manufacture televisions sometime before the end of July 2014. Said revelation has been neither confirmed nor denied by Samsung.
October was quoted as stating that the main incentives for this investment by Samsung – said to be between R3 and R4 billion – are tax and other manufacturing incentives that can be offered thanks to Dube TradePort becoming one of South Africa’s new Special Economic Zones (SEZ).
Read more...Semiconductor sales increase 17% YoY
News
The Semiconductor Industry Association (SIA) recently announced global semiconductor sales were $54,9 billion during the month of February 2025, an increase of 17,1% compared to the February 2024 total.
Read more...Silicon Labs – Q1 results
News
Silicon Labs, a leading innovator in low-power wireless, recently reported financial results for the first quarter, which ended April 5, 2025.
Read more...Strengthening industry through strategic partnerships at KITE 2025 Specialised Exhibitions
News
The KwaZulu-Natal Industrial Technology Exhibition is not just an exhibition, it is a powerhouse of industry collaboration where visitors and exhibitors gain access to authoritative insights, technical expertise, and high-impact networking opportunities.
Read more...Solar Youth Project calls on industry to step up
News
With the second cohort completed training and the first cohort returning for their final module, host companies are urgently needed to turn the training into a long-term opportunity.
Read more...Zuchongzhi-3 sets new benchmark
News
This latest superconducting quantum computing prototype features 105 qubits and 182 couplers to operate at a speed 10¹5 times faster than the most powerful supercomputer currently available.
Read more...Automatic device attestation certificate for Panasonic
News
DigiCert recently announced it has partnered with Panasonic Industry Europe to integrate DigiCert Device Trust Manager with Panasonic’s PAN-MaX intelligent manufacturing service for seamless Matter certification of interoperable smart home devices.
Read more...From the editor's desk: Are we really being ripped off? Technews Publishing
News
To the surprise of many customers, installing solar panels does not always eliminate their utility bill – and in some cases, the power utility may impose additional charges on solar-powered homes.
printer friendly version