Technology Sep 08, 2020 12:37 PM (GMT+8) · EqualOcean
Samsung Electronics (005930:KR) announced September 7, 2020 that it would stop production at its only television factory in Tianjin, China by the end of November. As the Korean technology giant's market shares in China, especially consumer products such as smartphones and TV, have been eaten by Chinese local vendors like Huawei, Xiaomi (01810:HK) and TCL electronics (01070:HK), the company's production lines in China failed to bring premium economic returns considering the labor cost and taxes.
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