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Electronics

Samsung to end Tianjin TV production, joining China exodus

South Korean company to shift operations to Vietnam, Mexico and elsewhere

Samsung has been shifting production away from China amid rising personnel costs and lackluster sales.   © Reuters

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.

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