Samsung’s last computer factory in China to shut – News of Bahrain- DT News

  • Date: 02-Aug-2020
  • Source: The Daily Tribune - News of Bahrain
  • Sector:Industrial
  • Country:Bahrain
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Samsung’s last computer factory in China to shut – News of Bahrain- DT News

Seoul 

Samsung Electronis Co will halt operations of its last computer factory in China, the South Korean tech giant said on Saturday, the lat- est manufacturer to shift pro- duction from the world's sec- ond-biggest economy.

Companies are rethinking their production and supply chains amid rising Chinese la- bour costs, a US-China trade war and the blow from the COV- ID-19 pandemic.

Around half the 1,700 em- ployees on contract at Samsung Electronics Suzhou Comput- er 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, the Hong Kong newspaper said.

A Samsung spokeswoman declined to comment on the factory's revenue and ship- ments, or details regarding employees.

"China remains an important market for Samsung and we will continue to provide superior products and services for Chi- nese consumers,“ the company said in a statement.