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Last updated: September 7th, 2020 at 09:00 UTC+02:00
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The TV plant in Tianjin, which has close to 300 workers, will be closed by the end of November 2020. The decision was taken back in 2018 and is said to be a part of the company's larger plans to improve efficiency at its production bases worldwide. Samsung has been facing fierce competition from Chinese TV brands, but it has still maintained its leading position in the global market.
The company will stop the production of LCD panels by the end of this year and start focusing on the production of QD-OLED panels for its next-generation QLED TVs. Sources say that the company's QD-OLED technology is similar to LG's OLED technology, but Samsung will not market it as OLED. The company is also working on microLED TVs.
Samsung had closed its smartphone factory in Tianjin in 2018 and Huizhou plant in 2019. Soon, the company will only have two manufacturing facilities in China: a chip plant in Xian and home appliances factory in Suzhou.
Asif is a computer engineer turned technology journalist. He has been using Samsung phones since 2004, and his current smartphone is the Galaxy S21 Ultra. He loves headphones, mechanical keyboards, and PC hardware. When not writing about technology, he likes watching crime and science fiction movies and TV shows.
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