Samsung Electronics will halt operations of its last computer factory in China, the company said on Saturday, the latest manufacturer to shift production from the world’s second-biggest economy.
Companies are rethinking their production and supply chains amid rising Chinese labour costs, a U.S.-China trade war and the blow from the COVID-19 pandemic.
According to reports, around half the 1,700 employees on contract at Samsung Electronics Suzhou Computer will be affected, excluding those involved in research and development.
The factory shipped $4.3 billion worth of goods out of China in 2012, a figure that had sunk to $1 billion by 2018, reports said.
