BUSINESS
Samsung Electronics to halt production at its last computer factory in China
BUSINESS

Samsung Electronics to halt production at its last computer factory in China

Published: August 1, 2020  |  1 min read, 197 words
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United States 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. Around half the 1,700 employees on contract at Samsung Electronics Suzhou Computer will be affected, excluding those involved in research and development, the South China Morning Post reported... READ MORE
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