Samsung Relocates Its Production from China to Vietnam
South Korean technology giant, Samsung Electronics, plans to move its production from mainland China to southern Vietnam this 2020. The smartphone maker wants to relocate the production of its display materials as it seeks expansion.
As of writing, the South Korean company is one of the biggest foreign investors in Vietnam. According to official figures, the firm has already invested about $17 billion in the country.
Samsung has not yet given any comments regarding the matter.
Local reports from Vietnam say that the move will officially make the country one of the biggest Samsung screen suppliers.
State-own media also said that the company sees Vietnam as an important link. Adding that it’s a significant gateway to the global supply chain.
The company’s screen production will move to Ho Chi Minh City, the business hub of Vietnam.
Technology news reports say that the smartphone maker isn’t the first and only company making the move. Foreign companies are seeking expansion outside mainland China as the virus is disrupting the global supply chain.
The brewing international tensions between China and various other countries have also encouraged firms to move out.
Aside from Vietnam, Samsung is also widening its reach in India. Just recently, it was reported that the company’s investment body official backed incentives for a $706 million display plant.
The South Korean giant would get tax incentives from Uttar Pradesh, according to the country’s investment promotion body.
The company is one of the biggest smartphone sellers in India. And last year it signed a memorandum with Uttar Pradesh concerning the display plant project.
Innovating Its Tech
Aside from investments, Samsung is also making significant improvements in its products. The smartphone maker’s Galaxy Note20 Ultra will have the latest Snapdragon 850+ and more features.
A recent article leaked the specs of the new phone. The recent advancements in modern technology paved the way for the company to keep improving its products.
The Galaxy Note20 Ultra will be the successor of the Galaxy Note10. And sources say that it will come in two versions, the Galaxy Note20 and the Galaxy Note20 Ultra.
Sources say that the new phone will be slimmer, with impressively small bezels, and smaller punch for the front-facing camera. The Galaxy Note20 Ultra will also have a QHD+ resolution with a 120Hz display which is an LTPO screen, for longer battery life.
While Samsung is scheduled to release the phone by August, tech experts are already comparing it with other flagship devices.
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