For the past few years, companies have been shifting some of their manufacturing facilities from China to alternate countries. They are doing this to expand their supply chain so that in times of difficulties like pandemic their supplies remain unaffected. Samsung is known for moving most of its factories from China. Earlier today, it even officially announced to relocate its computer monitor operation to Vietnam.
Samsung Electronics Vietnam announced that Samsung Display will transfer most of its monitor manufacturing plants from China to Samsung HCMC CE Complex (SEHC) factory in Vietnam.
At present, Samsung is the single largest foreign investor in Vietnam totalling $17 billion in investments. The shifting of PC monitor factories will make this country the world’s largest Samsung monitor supplier.
According to Tuoi Tre, the state-run newspaper, “Samsung sees Vietnam as an important gateway to other Southeast Asian countries and a link in its global supply chain”.
Samsung led the Vietnamese 24-inch and above-sized monitor segment in Q1 2020 with a 34% market share as per IDC. As demand for larger screen size is increasing, the region will benefit from getting the latest displays with them being manufactured locally.
Samsung is expected to relocate the monitor production line by the end of 2020.
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(Via)
