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Samsung has determined to stop manufacturing at its solely TV manufacturing facility in China by the top of November, a spokesman stated on Monday, the newest in a sequence of strikes by the South Korean agency to shift manufacturing from the world’s second-largest financial system.
The TV manufacturing facility in Tianjin is the one Samsung TV manufacturing base in China, the spokesman stated. The choice is a part of “ongoing efforts to enhance efficiency” in its manufacturing amenities, Samsung stated in an announcement earlier.
The manufacturing facility has about 300 employees, Yonhap information company reported on Monday. Samsung declined to touch upon the variety of employees, however stated a number of the employees and gear are anticipated to be retained.
The newest exit leaves Samsung in China with a house equipment manufacturing facility 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 Technology unit.
Samsung Display stated in March it determined to finish all of its manufacturing of LCD panels in South Korea and China by the top of this yr.
In August, Samsung stated it can halt operations of its final pc manufacturing facility in China.
© Thomson Reuters 2020
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