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Samsung Rules Out India IPO, Bets on AI, Finance and Local Manufacturing

The company says internal funding plus debt will meet its India growth needs.

Overview

  • JB Park, Samsung Southwest Asia CEO, said there are no plans to list the India business, confirming IPO speculation is off the table for now.
  • Samsung is expanding its Finance+ interest-free EMI program from smartphones to televisions and washing machines, with Finance+ already driving over 40% of smartphone sales and growing about 10% annually.
  • AI will be a core differentiator across devices, with CES 2026 set to showcase upgrades such as AirDresser, Laundry Combo, WindFree Pro AC, Jet Bot Steam Ultra, and an AI Family Hub refrigerator integrating Google Gemini.
  • To deepen localization, Samsung has applied under India’s PLI scheme to make mobile phone displays and continues to scale production at its Noida plant, a major export hub.
  • Samsung employs more than 10,000 engineers across three R&D centers and a design center in India, supporting both local and global product development.