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© saniphoto dreamstime.com Electronics Production | May 21, 2015

Samsung ends TV production in Thailand

South Korean tech-giant Samsung has stopped its production of TVs in Thailand in a move to streamline its global manufacturing footprint.

The company announced last year that it would invest some USD 560 million to construct a consumer appliances complex in Vietman, which would mainly manufacture TVs. The Vietnamese venture is part of the company's efforts to boost its output across different segments – including smartphones and displays – in the lower-cost country, according to a Reuters report. However, when contacted by Reuters, a Samsung spokesperson did not say if the Korean company would move its Thailand TV production to Vietnam.
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August 21 2019 3:49 pm V14.1.4-1