Remember when just about any new technology was made in China? Thanks to authoritarian rule, competition, and trade wars, there is a growing exodus of technology manufacturers from China.
Anton Shilov on Samsung’s exit:
Samsung used to run multiple phone manufacturing facilities in China. About a year ago, the company shut down its plant in Tianjin, then it closed its plant in Huizhou in mid-2019. Recently, the world’s No. 1 maker of smartphones ceased production of handsets in another factory in Huizhou. Equipment used at its facilities in China was relocated to plants in other countries, such as India and Vietnam.
Friendlier locales. Apple is doing the same thing.