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.
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.