Samsung minimize phone production in China!!

China's largest smartphone market in China There are two factories in the country to build mobile phones of Samsung Electronics. The South Korean company has decided to close a factory in it. The company has decided to reduce the phone production in China, due to the decrease in sales of Samsung's device in China market and increased worker wages. The South Korea-based news paper published the information in the Electronics Times.According to the Electronic Times report, Samsung's mobile phone manufacturing company in China's northern city of Tianjin, which could be closed in the year, could stop its operation. However, Samsung said in a statement yesterday that final decision has not been finalized in Tianjin factories. Tianjin factory name Tianjin Samsung Telecom Technology There is also another manufacturing factory in Huizhou in China.Although China is the largest smartphone market in the world, Samsung does not have significant possession in the country. According to market research firm Canalis, Huawei holds the top position in the smartphone market in the second quarter of this year (April-June) and the company's sub-brand Honor. Huawei and Honor occupied 27 percent of the market in the last quarter At the same time, both Apo and Vivo reached the possession of 20 percent. In the second quarter, Shoumi holds 14 percent of China's smartphone market.

Chinese brands are increasing in the global smartphone market. In this, the Chinese brand competition with Samsung is increasing in other markets except China. Samsung has topped the smartphone market for several years. But few quarters ago South Korea's organization lost its position to Shawmi. But in the second quarter of this year, Samsung has restored the position. Five years ago, Samsung had a share of 20 percent in China's smartphone market. China's local brand Huawei, Oppo, Vivo and Shawmi have lost their position due to the increase in the market. The company's occupancy in China's smartphone market declined by 1 percent this year compared to last year.In the second quarter of this year, Samsung holds the top position in the global smartphone market, according to data from the International Data Corporation (IDC), market research institute. In the April-June quarter, its handset reached 7.7 million units. In this quarter, the company's market share reached 20.9 percent.Competing Chinese brands supply devices at affordable cost than Samsung. Samsung has put pressure on the global market The company has taken initiative to expand the global market by unveiling new devices.

In recent years, Samsung has increased investment in mobile phone manufacturing companies in Vietnam and India. Through this, the company is trying to increase its production capacity in the factory. Last month, Samsung launched the world's largest mobile phone manufacturing facility in India. The company describes it as an export hub.According to the Electronics Times, Samsung has built 36 million units of mobile phones annually in the Tianjin factory. HuiZhou factory is made up of 7 million and 20 million units. On the other hand, two factories in Vietnam have manufactured 24 million units a year in the company.Samsung has recently announced large investments in several sectors, including Artificial Intelligence (AI), Internet of Things (IOT), Fiji. Through this, the company is looking at major business opportunities in the future. Samsung said it will invest $ 16 billion in these sectors in the next three years. This will create 40,000 new jobs. The majority of this investment will be spent in South Korea. In this case, creating new employment opportunities in the local market will be of great importance.