8/1, 10:51 AM (Source: TeleTrader)
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Chart for: SAMSUNG EL./25 GDRS NV PF

Samsung pauses production in China

Samsung Electronics Co said on Saturday it intends to pause all operations of its last computer factory in China due to the reorganization of the production that has been massively affected by coronavirus pandemic.

According to the statement, approximately half of the 1,700 employees on contract at Samsung Electronics Suzhou Computer will be affected by this decision.

The company however stated that "China remains an important market for Samsung and we will continue to provide superior products and services for Chinese consumers."

Breaking the News / TF