Samsung saying goodbye to China

While China is still recovering from US sanctions on its IT sector, here comes a fresh blow from Korean tech giant Samsung which has reportedly decided to wind up its last production lines and leave the country for good.

The move will have a far reaching effect on the workers in China’s Guangdong and Jiangsu provinces may have to brace for lost revenue and jobs.

There have been reports that Samsung’s factory in Huizhou city in Guangdong – where some of its best-selling handsets like the Galaxy smartphone series were assembled – will shut down, following similar closures in Shenzhen and Tianjin in northern China.

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Posted in: Business,China,News,Samsung,Technology