Sources confirm that the South Korean technology giant will close its TV plant in Tianjin, China, to improve supply chain management. The company has been closing its factories in China over the past few years.
The TV production plant in Tianjin, which employs about 300 people, will be closed by the end of November 2020. The decision was made back in 2018 and is part of the company’s larger plans to improve the efficiency of its production around the world. Samsung has faced stiff competition from Chinese television brands, but still retains a leading position in the global market.
The company will stop producing LCD panels by the end of this year and will focus on producing QD-OLED panels for its next generation QLED TVs. Sources say the company’s QD-OLED technology is similar to LG OLED technology. The company is also working on microLED TVs.
Samsung closed its smartphone factory in Tianjin in 2018 and the factory in Huizhou in 2019. Soon the company will have only two production facilities in China: a chip factory in Xi’an and a home appliance factory in Suzhou.