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Supply Chain

Samsung temporarily reduces procurement amid inventory pressure

South Korean tech titan asks component makers and others to delay shipments

Sources say Samsung has told suppliers that the company needs to closely review its inventory levels of both components and final products.    © AP

TAIPEI/ SEOUL -- Samsung Electronics is temporarily halting new procurement orders and asking multiple suppliers to delay or reduce shipments of components and parts for several weeks due to swelling inventories and global inflation concerns, sources have told Nikkei Asia.

The notification by the South Korean tech titan applies to components for multiple key product lines, including TVs, home appliances and smartphones, four people familiar with the situation said, and the postponement of orders involves a wide range of components across chips, electronics parts and final product packages.

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