SEOUL -- Samsung Electronics will close its sole Chinese TV factory in Tianjin at the end of November, the South Korean electronics company said Tuesday, part of a greater trend of businesses shifting supply chains away from China.
Samsung, the world's top seller of flat-screen TVs, has been losing market share in China due to the rising quality of local competition as well as boycotts triggered by Seoul's decision in 2016 to deploy a U.S.-developed missile shield over Beijing's objections. Labor costs also have been rising in China.
