: Samsung plans to shift Vietnams smartphone production bases to India #IndiaNEWS #Tech The Korean-based mobile manufacturer firm, Samsung has restructured its seven production headquarters in Korea

Samsung plans to shift Vietnams smartphone production bases to India #IndiaNEWS #Tech
The Korean-based mobile manufacturer firm, Samsung has restructured its seven production headquarters in Korea and overseas next year. Samsung is planning to shift its smartphone production capacity bases from Vietnam to India and Indonesia.

As per reports from TheElec, The Korean company has two smartphone bases in Vietnam small factory in Bac Ninh Province and a large one in Taiyuan Province. Commencing the previous year, the two factories in Vietnam can produce 182 million units, reckoning for 60% of Samsungs total production of smartphones. According to the reports, Samsungs ultimate aim is to reduce the production capacity to about 50%. In other terms, 163 million units per year. In addition, Samsung is gearing up to swift 19 million units production capacity from the Vietnam factory to India and Indonesia in return.

Moreover, Samsung has fixed an objective to broaden the annual production capacity of the Indian factory from the present-day 60 million units to 93 million units by 2022; the Indonesian plant will expand the annual production from 10 million units to 18 million units in 2022. Once the reconstruction for the production capacity is finalized, the Korean tech giant will increase the segment of its total smartphone units from 20% to 29% in India; At an identical time, another production base will expand the proportion from the present-day 4% to expected 6%.

A Samsung spokesperson turned down to respond on TheElec on this matter. Furthermore, Samsungs restructuring comes first, chiefly by the massive rise in labor costs in Vietnam and the pandemics impact earlier this year; Samsung shut down a few of its factories in Vietnam.

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