Samsung to Close Its Factory in China by November

Samsung announced that it will shut down its TV production facility in Tianjin, China, by the end of November. The Korean giant has closed the other two smartphone facilities and sold the LCD factory to COST, shifting the production away from China step by step.


(Image: Samsung)

Samsung’s Tianjin TV factory is the only TV production site in China which supplies products to meet local demands. The company said that closure of the factory is part of the “ongoing efforts to enhance efficiency.” Since Samsung’s TV market share dropped in China with increasing local competitors joining the industry with lower product price, the Korean electronics manufacturer has decided to cut down its capacity in China since 2018. Shutting down the TV factory could also be a move under Samsung’s plan to quit LCD production by the end of this year.

Both Samsung and LG have been shifting their business focus recently with their announcement of exiting LCD production. LG is concentrating on its OLED development while Samsung is pouring resources into diverse display technologies including OLED, QD, Mini LED backlight and Micro LED.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.
Display devices have been used for many years as a means of HMI (Human Machine Interface) to connect humans and machines interactively, and their usage are still expanding. Automotive interiors are no exception to this trend, with an increasing ... READ MORE
About LiDAR Automotive industry trends In recent years, many vehicles have been launched with ADAS (Advanced Driver Assistance Systems) as standard equipment. As the future evolves towards more automated driving, sensing around the vehicle i... READ MORE