Samsung to close mobile factory in China

in #samsung • 6 years ago

According to a recent report, South korean company Samsung is going to close one of its ongoing mobile factories in China. One of them is running in Tianjin and other one is in Huizgou. Samsung decided to withdraw Tianjin factory in 2018 end due to slowing growth and many difficulties. If reports to be believed, Samsung market share fell from 20% five years ago to less than 1% today because of local manufacturers like Xiaomi and Huawei.
Just over a month ago Samsung also opened its mobile factory in Noida, UP(India) which should manufacture 120 million units per year by 2021. For comparison the Tianjin factory produced 36 million and 72 million units manufacturing from Huizhou plant. Samsung company mostly relies mostly on Vietnam and India.SmartSelect_20180814-121954_Chrome.jpg

#china #news
6 years ago in #samsung by
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