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...read more...
SourceThe Daily Tribune - News of Bahrain