Posted on 10/03/2019 8:56:33 PM PDT by BeauBo
Samsung Electronics Co Ltd (KS:005930) has ended mobile telephone production in China, it said on Wednesday, hurt by intensifying competition from domestic rivals in the world's biggest smartphone market.
The shutdown of Samsung's last China phone factory comes after it cut production at the plant in the southern city of Huizhou in June and suspended another factory late last year, underscoring stiff competition in the country.
The South Korean tech giant's ceased phone production in China follows other manufacturers shifting production from China due to rising labor costs and the economic slowdown.
Sony also said it was closing its Beijing smartphone plant and would only make smartphones in Thailand...
Samsung, the world's top smartphone maker, said it had taken the difficult decision in a bid to boost efficiency. It added it would however continue sales in China
"The production equipment will be re-allocated to other global manufacturing sites, depending on our global production strategy based on market needs," it said in a statement, without elaborating.
Samsung declined to specify the Huizhou plant's capacity or its numbers of staff. The factory was built in 1992, according to the company.
South Korean media said it employed 6,000 workers and produced 63 million units in 2017.
(Excerpt) Read more at investing.com ...
The major shift to India for world-market production was just a couple months ago, while Indian market specific production in India had been going on for years. Brazilian production for the South American market is also a few years old, hence my ‘months and more’ comment.
Those a big blows to employment in China.
Excuse me, but Samsung invested billions in communist China, building factories and directly employing Chinese and North Korean workers there. Samsung owned factories, Samsung employees. Apple never built factories in China, and has no employees except sales staff in China.
Umm... Samsung is one of Apple's biggest suppliers. Apple doesn't own any factories. Samsung has plants all over the world, including right here in Texas.
Apple is just a liberal idol to worship. It's hardly relevant (and maybe not serious?) but still a quote I'd like to share: -- "If Apple could somehow turn all of their customers gay, they would."
Samsung just wants to sell phones.
True that a major shift to India is recent, but Apple has long had production done in India, Brazil and Indonesia among other countries. iPhones have been made in Brazil many years ago. Here's a sampling, an article about workers going on strike in Brazil in 2014 where they were making iPhones and iPads.
https://9to5mac.com/2014/09/17/iphone-production-at-foxconns-brazil-factory-halts-as-workers-strike/
Here's an article more than two years old about iPhones assembled in India. I think your comments are good, and I'm just pointing out some additional info.
https://www.businesstoday.in/technology/news/apple-first-assembled-in-india-iphone-india-market/story/255222.html
Your anti-Apple bias is showing. That's like saying "If Samsung could somehow turn all of their customers communist, they would." These statements have no relevancy to the business both companies conduct. As a matter of fact, Samsung's plant in Texas supplies parts to Apple. Samsung and Apple share business with each other. My comments had to do with the fact that Samsung is heavily invested in China in producing their phones, while Apple is not. As for Apple not owning factories, yes they do own factories, including their own factories here in the USA making Mac computers.
Another interesting aspect of all these makers stepping away from China in part or in toto is that all of a sudden the Chinese cloners will find their jobs a whole lot harder.
Perhaps they got laid off and replaced.
H1Bs are the greatest threat to American STEM graduates.
They have been depressing wages for decades and the companies that bring them in large numbers are committing treason by intentionally damaging our people.
Trump is a smart guy. This is exactly happening the way he predicted early on. His pressure on China is working. Their currency dropped again yesterday too.
“all of a sudden the Chinese cloners will find their jobs a whole lot harder.”
Very little new stuff is starting production in China, by foreigners. Existing production lines may continue running, to re-coup their set up costs, but nobody wants to sink new investment there.
Foxconn has compounds around the world, where they can expand or contract pretty flexibly, because the long lead time activities of land acquisition, negotiating with the Government, etc. are all done - a warm base of operations.
But but but Mister Lying Piece of shit Media you keep telling me Trump is losing the trade war with China; you wouldn’t lie would you Mister Lying Media piece of Shit, would you?
That giant sucking sound coming from China is from President Trump.
India just got around to offering significant tax incentives for new manufacturing incentives - only a few weeks ago.
Governments in the region are catching up to the fact that this is a once in a generation opportunity to attract new business investment.
Such pull from new locations will only help the flight from China.
“Samsung invested billions in communist China, building factories and directly employing Chinese and North Korean workers there.”
Koreans were early investors in China, and they were the first big players to start the exodus.
The factory being closed, opened in 1992, long before China was in the WTO.
When South Korea deployed the THAAD (THeater Area Air Defense System), the ChiComs began retaliating against Korean businesses in China, driving them out.
Korea is taking hard hits economically from the Chinese drawdown, but they are taking all their medicine up front, and are much further down the road than other big investors.
i suspect this article is total hogwash and that Samsung is really moving out of china for two reasons:
1. they’re tired of their technology be stolen
2. they don’t want U.S. tariffs on their products
I certainly wasn't trying to hide it.
That being said, I'm not married to Samsung either. I'm not sure where Samsung stands on the queer agenda, open borders, gun control, etc, but I know exactly where Apple stands, and so do you.
I'll say it again: Samsung just wants to sell phones and I'm just fine with that.
they got replaced LOL
would LOVE that
Hi.
Happened to the First lady’s Samsung (G5?), two nights ago.
Phone melted.
I said a couple choice words.
5.56mm
WOW!!
It’s crazy!!!!
I’m not joking. Who knows how bad the fire gets if i’m not home!!
maybe a hole in the bed, maybe much worse. WTH!?!?!?
Hope the First Lady didn’t get burned
My samsung was so hot it did burn my hand
the PHONE was really hot and the sparks were coming out from where the charger goes in
iPhone will turn you gay
iPhone user sues Apple after claiming device turned him gay
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