Samsung strengthens supply chain in Asia to expand production

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Samsung Electronics is strengthening its supply chain in Asia to meet increased demand for its products amid the pandemic, industry insiders said as the South Korean tech giant looks to build more plants and expand its workforce.

Samsung is currently building a TV manufacturing facility in Karachi, Pakistan. It is expected to go live in the fourth quarter of the year and produce 50,000 units annually.

The news was recently posted on Twitter by Abdul Razak Dawood, Trade and Investment Advisor to the Pakistani Prime Minister.

“I have been told that Samsung Electronics is in the process of working with R&R Industries in Karachi to set up its TV line-up facility,” he said.

Samsung is the world’s largest TV manufacturer. According to industry researcher Omdia, it accounted for 31 percent of the global TV market in terms of revenue in the first six months of 2021.

The company is also building a cell phone factory in Karachi. Pakistani automaker Lucky Motor Corp. recently announced that its auto plant is being converted to produce Samsung’s mobile devices, reports the Yonhap news agency.

Industry insiders assume that Samsung will produce smartphones of the Galaxy A and Galaxy M series in the middle to lower segment.

In Vietnam, Samsung’s main production location for smartphones, the company is expanding its workforce to increase production.

Samsung, the world’s largest smartphone maker, recently announced it would hire 1,000 people for its smartphone factory in Bac Ninh Province, north of Hanoi. Last month, the company announced it would hire an additional 3,000 workers for its factory in Thai Nguyen, north Vietnam.

The latest move aims to expand Samsung’s production of foldable smartphones to match their growing popularity, industry watchers said.

–IANS

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(Only the headline and image of this report may have been revised by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

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