Samsung, the South Korean electronics giant, has announced that it has halted TV production in Thailand. The move is expected to help the company streamline its manufacturing costs.
LG, one of Samsung’s major rivals in TV space, has already shifted its TV production from Thailand to Vietnam. Last year, Samsung said that it will be investing USD500 million in Vietnam to set-up a plant for electronic products. The Korean company hasn’t declared that it is moving TV production to Vietnam.
Labour costs are low in Vietnam and the country is also closer to China, which houses major TV equipment suppliers. Government policies and all in prices of digital TV products have made Vietnam one of the key markets in Asia for not only TV producing companies, but also for chip makers such as Broadcom.
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