Tuesday , September 22 2020

Samsung to Shut Down Its Sole China TV Manufacturing unit by November

Samsung has determined to stop manufacturing at its solely TV manufacturing facility in China by the tip of November, a spokesman stated on Monday, the most recent in a sequence of strikes by the South Korean agency to shift manufacturing from the world’s second-largest economic system.

The TV manufacturing facility in Tianjin is the one Samsung TV manufacturing base in China, the spokesman stated. The choice is a part of “ongoing efforts to boost effectivity” in its manufacturing amenities, Samsung stated in an announcement earlier.

The manufacturing facility has about 300 employees, Yonhap information company reported on Monday. Samsung declined to touch upon the variety of employees, however stated a number of the employees and tools are anticipated to be retained.

The most recent exit leaves Samsung in China with a house equipment manufacturing facility in Suzhou and chip manufacturing amenities in Suzhou and Xian.

The choice follows Samsung’s show unit confirming individually final week that it’s promoting off a majority stake in its Suzhou liquid crystal show (LCD) manufacturing unit to TCL’s Star Optoelectronics Know-how unit.

Samsung Display stated in March it decided to end all of its manufacturing of LCD panels in South Korea and China by the tip of this 12 months.

In August, Samsung stated it can halt operations of its final laptop manufacturing facility in China.

© Thomson Reuters 2020

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