Korean Electronics giant Samsung has finally bowed to Market pressure in China as it has now ceased smartphone production in the World’s largest phone market. The Electronics major had a few months ago started cutting down production and even laid off staff at its production plant in the southern city of Huizhou, and on Wednesday finally announced the total closure of the plant.
Samsung in a statement to Reuters confirmed it halted all production at its last plant in China “at the end of September.” The “difficult decision” was made in a bid to boost efficiency in China as its local smartphone business failed to show signs of growth.
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