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Samsung Electronics to halt production at its last computer factory

By zelengxapi • 6 days ago • 16 views • 0 comments

SEOUL (Reuters) - Samsung Electronics Co will halt operations of its last computer factory in China, the South Korean tech giant said on Saturday, the latest manufacturer to shift production from the world’s second-biggest economy.

Companies are rethinking their production and supply chains amid rising Chinese labour costs, a U.S.-China trade war and the blow from the COVID-19 pandemic.A Samsung spokeswoman declined to comment on the factory’s revenue and shipments, or details regarding employees.

Source https://www.reuters.com/article/us-samsung-elec-china-pc/samsung-electronics-to-halt-production-at-its-last-computer-factory-in-china-idUSKBN24X3K4

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