Samsung Electronics to halt production of computer factory in China

Samsung Electronics Co informed that they will stop operations of its last computer factory in China, the South Korean tech giant, the latest manufacturer to shift production from the world’s second-biggest economy.

Companies are changing their plans about their production and supply chains because of rising Chinese labour costs, a U.S.-China trade war and the blow from the COVID-19 pandemic.

Bhavesh Gupta appointed as Paytm new CEO

About half the 1,700 employees on contract at Samsung Electronics Suzhou Computer will be affected, excluding those involved in research and development, the South China Morning Post reported on Friday, citing a notice to Samsung staff.

The factory shipped $4.3 billion worth of goods out of China in 2012, a figure that had sunk to $1 billion by 2018.

 

 

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker