Samsung has determined to stop manufacturing at its solely TV manufacturing unit in China by the tip of November, a spokesman mentioned on Monday, the most recent in a collection of strikes by the South Korean agency to shift manufacturing from the world’s second-largest economic system.
The TV manufacturing unit in Tianjin is the one Samsung TV manufacturing base in China, the spokesman mentioned. The choice is a part of “ongoing efforts to reinforce effectivity” in its manufacturing amenities, Samsung mentioned in a press release earlier.
The manufacturing unit has about 300 employees, Yonhap information company reported on Monday. Samsung declined to touch upon the variety of employees, however mentioned a few of the employees and gear are anticipated to be retained.
The most recent exit leaves Samsung in China with a house equipment manufacturing unit 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 Expertise unit.
Samsung Display mentioned in March it decided to end all of its manufacturing of LCD panels in South Korea and China by the tip of this yr.
In August, Samsung mentioned it would halt operations of its final laptop manufacturing unit in China.
© Thomson Reuters 2020
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