Samsung To Stop Production At Sole China TV Factory By November

The factory has about 300 workers, Yonhap news agency reported on Monday. Samsung declined to comment on the number of workers, but said some of the workers and equipment are expected to be retained.

The latest exit leaves Samsung Electronics in China with a home appliance factory in Suzhou and chip production facilities in Suzhou and Xian.

The decision follows Samsung Electronics’ display unit confirming separately last week that it is selling off a majority stake in its Suzhou liquid crystal display (LCD) production unit to TCL Technology Group Corp’s Star Optoelectronics Technology unit.

Samsung Display said in March it decided to end all of its production of LCD panels in South Korea and China by the end of this year.