Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  Samsung Electronics Co., Ltd.    A005930   KR7005930003

SAMSUNG ELECTRONICS CO., LTD.

(A005930)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Samsung Electronics : to halt production at its last computer factory in China

share with twitter share with LinkedIn share with facebook
08/01/2020 | 04:50am EDT
FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul

Samsung Electronics Co will halt operations of its last computer factory in China, the South Korean tech giant said on Saturday, the latest manufacturer to shift production from the world's second-biggest economy.

Companies are rethinking their production and supply chains amid rising Chinese labour costs, a U.S.-China trade war and the blow from the COVID-19 pandemic.

Around half the 1,700 employees on contract at Samsung Electronics Suzhou Computer will be affected, excluding those involved in research and development, the South China Morning Post reported on Friday, citing a notice to Samsung staff.

The factory shipped $4.3 billion worth of goods out of China in 2012, a figure that had sunk to $1 billion by 2018, the Hong Kong newspaper said.

A Samsung spokeswoman declined to comment on the factory's revenue and shipments, or details regarding employees.

"China remains an important market for Samsung and we will continue to provide superior products and services for Chinese consumers," the company said in a statement.

Samsung shut its last smartphone factory in China last year. Its remaining facilities include two semiconductor manufacturing sites in Suzhou and Xi'an.

(Reporting by Joyce Lee; Editing by William Mallard)

share with twitter share with LinkedIn share with facebook
Latest news on SAMSUNG ELECTRONICS CO., L
08:23aSAMSUNG ELECTRONICS : - First Look Unboxing the Galaxy Note20 Ultra
AQ
08:23aSAMSUNG ELECTRONICS : - Ultimate Smartphones for Work & Play Book Now for Irresi..
AQ
12:21aNippon Steel appeals South Korea court ruling on asset seizure
RE
08/06CELLCOM : Experience a Productivity Powerhouse with Galaxy Note20 Series on Cell..
AQ
08/06SAMSUNG ELECTRONICS : Galaxy Watch3 and Galaxy Buds Live are convenient tools fo..
AQ
08/06SAMSUNG ELECTRONICS : - The Secret to Big Screen Ultra-High-Definition TV Experi..
AQ
08/06SAMSUNG ELECTRONICS : Unveils Five New Power Devices in the Galaxy Ecosystem to ..
AQ
08/06LOST SEOUL : South Korean middle-class dreams spoiled by soaring house prices
RE
08/06S.Korean stocks hit highest close in near 2 years, won at 5-month high
RE
08/06SAMSUNG ELECTRONICS : Indexes open lower on Wall Street following 4 days of gain..
AQ
More news
Financials
Sales 2020 231 555 B 195 B 195 B
Net income 2020 24 349 B 20,6 B 20,6 B
Net cash 2020 97 103 B 82,0 B 82,0 B
P/E ratio 2020 15,7x
Yield 2020 2,46%
Capitalization 387 803 B 327 B 327 B
EV / Sales 2020 1 674x
EV / Sales 2021 1 490x
Nbr of Employees -
Free-Float 82,6%
Chart SAMSUNG ELECTRONICS CO., L
Duration : Period :
Samsung Electronics Co., L Technical Analysis Chart | A005930 | KR7005930003 | MarketScreener
Technical analysis trends SAMSUNG ELECTRONICS CO., L
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 39
Average target price 70 541,03 KRW
Last Close Price 58 000,00 KRW
Spread / Highest target 41,4%
Spread / Average Target 21,6%
Spread / Lowest Target -5,17%
EPS Revisions
Managers
NameTitle
Hyun-Suk Kim Co-President, Co-CEO & Director
Dongjin Koh Co-President, Co-CEO & Director
Kinam Kim President, Co-CEO & Director
Tae Moon Roh Co-President & Head-Research & Development
Jae-Wan Park Chairman
Sector and Competitors
1st jan.Capitalization (M$)
SAMSUNG ELECTRONICS CO., LTD.3.94%327 028
APPLE INC.49.92%1 948 022
XIAOMI CORPORATION47.68%49 436
WINGTECH TECHNOLOGY CO.,LTD56.54%23 409
FITBIT, INC.-1.37%1 730
MERRY ELECTRONICS CO., LTD.-1.79%1 167