Samsung’s last computer factory in China to shut
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.
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