Sunday, March 7, 2021

Samsung to Shut Down Its Sole China TV Factory

Samsung to Shut Down Its Sole China TV Factory

Samsung has decided to cease production at its only TV factory in China by the end of November, a spokesman said on Monday, the latest in a series of moves by the South Korean firm to shift production from the world’s second-largest economy.

Samsung to Shut Down Its Sole China TV Factory

 

The TV factory in Tianjin is the only Samsung TV production base in China, the spokesman said. The decision is part of “ongoing efforts to enhance efficiency” in its production facilities, Samsung said in a statement earlier.

The factory has about 300 workers, Yonhap news agency reported on Monday. Samsung declined to comment on the number of workers, but said some of the workers and equipment are expected to be retained.

Samsung to Shut Down Its Sole China TV Factory

The latest exit leaves Samsung in China with a home appliance factory in Suzhou and chip production facilities in Suzhou and Xian.

The decision follows Samsung’s display unit confirming separately last week that it is selling off a majority stake in its Suzhou liquid crystal display (LCD) production unit to TCL’s Star Optoelectronics Technology unit.

Samsung Display said in March it decided to end all of its production of LCD panels in South Korea and China by the end of this year.

Recent Articles

PUBG Mobile India Launch: Why govt has permanently banned PUBG

  PUBG Mobile India Launch: After the Ministry of Electronics and Information Technology banned the app in September 2020, PUBG Mobile's future in India is...

Signal Adds Conventional Chat Features To Appeal Users

The latest version of Signal for iOS (5.3.1) and Android (5.3.7) brings several new additions to the increasingly popular encrypted messaging app. These include...

Flipkart Big Saving Days sale is all set to begin on Friday, December 18

Flipkart Big Saving Days sale is all set to begin on Friday, December 18 Flipkart Big Saving Days sale is all set to begin on...

Realme Watch S Pro, Watch S, Buds Air Pro Master Edition to Launch in India

Realme Watch S Pro, Watch S, Buds Air Pro Master Edition to Launch in India Realme is set to launch the Watch S series and...

Xiaomi Mi 11 could launch on December 29

Xiaomi Mi 11 could launch on December 29 Xiaomi Mi 11 could launch on December 29, according to a new report. The phone will be...

Related Stories