Samsung Ends Mobile Production in China; Might Pick India, Vietnam

The Quint
Oct 02, 2019

Korean tech giant Samsung, on Wednesday, 2 October, confirmed that it has ended mobile production in China, citing challenge faced from domestic rivals in the world's biggest market, a Reuters report said.
The shutdown of the company's last factory comes after it cut the production at the plant in the city of Huizhou in June and suspended another factory last year, giving the same reason, the report said.
Apart from Samsung, Sony also announced a complete shutdown of manufacturing smartphones in China, saying it will make phones in Thailand instead.
“The production equipment will be re-allocated to other global manufacturing sites, depending on our global production strategy based on market needs," Reuters quoted the company as saying.
On the other hand, Samsung has already expanded smartphone production in lower-cost countries, such as India and Vietnam in the recent years.

Comments

Popular posts from this blog

ED tracks Swiss Bank A/Cs of Agusta scamster

J&K Cricket Board Scam: Chargesheet Filed Against Farooq Abdullah, 3 Others By CBI

As financial insecurity rises in urban India, so does investment in insurance