Various companies are reconsidering the structure and location of their plants and production chains in light of rising production costs in China, the trade war between them and the US, and the shock caused by the Corona plague. Nearly half of Samsung Electronics Suzhou Computer’s workers will be affected. That’s what the China Morning Post wrote on Friday.
The plant shipped $ 4.3 billion worth of products out of China in 2012, a figure that dropped to $ 1 billion in 2018, according to the Hong Kong-based newspaper.
Samsung closed its latest smartphone factory in China last year. Its remaining facilities in the country include two semiconductor manufacturing sites in Suzhou and Xi’an cities. “China remains an important market for Samsung and we will continue to provide quality products and services to our Chinese customers,” the company said in a statement.