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by eastendguy 2447 days ago
Samsung announced a few weeks ago to move all its (phone) manufacturing outside China:

https://www.reuters.com/article/us-samsung-elec-china/samsun...

2 comments

Samsung is already gone. Samsung had foresight and is well diversified. The company started packing up and moving to Vietnam at their peak in China back in 2013. Most of their smartphones now come from Vietnam (and Samsung's Vietnam operation alone accounts for 1/4 of all export from Vietnam).
> Samsung had foresight and is well diversified

By moving from one communist dictatorship to another communist dictatorship.

from one man commie dictatorship that poses one political and economical threat to a one party commie dictatorship that poses no such risk. This is no brainer.
Yes, and it’s going to Thailand and Vietnam and India, where the cost of inputs is cheapest (including dealing with government, the costs of which are going up in China).
Thailand No. It's mostly Vietnam -- and India possibly in near future. Sure, the wage is much lower in Vietnam, but the downside was that the country was known for low-cost textile and toys production until Samsung came along. There was literally no infrastructure for electronics production to speak of in those days and the company not only had to work with the gov't to build it from scratch, but also had to convince 200+ suppliers and contractors to move along with them.