SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission. Learn more.

Samsung temporarily suspends the operation of its TV factory in Russia

Business
By 

Last updated: March 21st, 2022 at 15:05 UTC+02:00

In light of the ongoing Russia-Ukraine war, Samsung has temporarily suspended the operation of its TV factory in Russia. Notably, according to a report by The Elec, the Samsung Electronics TV factory in Kaluga, near Moscow, is the one that is being temporarily shut down by the company.

This move was made because the company is facing hurdles in the supply of important parts of TV, such as panels. Not only Samsung, but LG is also evaluating options to suspend operations of its home appliance and TV factories in Russia.

The major concern for Samsung Electronics is that if the troubled macroeconomic situation continues to exist for a prolonged time, the management strategies of the company will be severely disrupted.

Samsung has already stopped shipping and selling TVs in Russia

Samsung is closely monitoring the situation between Russia and Ukraine. In fact, the company has already stopped shipping and selling TVs in Russia on March 7. Moreover, it stopped selling phones, chips, and other products on March 5 as well.

The economic sanctions on Russia by the international community are the driving force behind such decisions, including the suspension of the TV factory in Kaluga.

Research firm Omida has predicted that the tension between Russia and Ukraine may decrease Samsung TV shipments by at least 10% to a maximum of 50% if the tension continues. Samsung Electronics is planning to make up for the decrease in shipments in these markets by targeting other markets.

Join SamMobile’s Telegram group and subscribe to our YouTube channel to get instant news updates and in-depth reviews of Samsung devices. You can also subscribe to get updates from us on Google News and follow us on Twitter.

Business Russia
Load 0 comments

You might also like

Samsung Galaxy smartphones in Russia are almost nowhere to be found

Although smartphone sales in Russia fell by nearly a third in Q2 2022, Samsung Galaxy devices are reportedly nowhere to be found on store shelves in several areas in Russia. Even though demand for smartphones in the second quarter of the year dropped to a new decade-low, the supply chain is hurting even more. Samsung […]

  • By Mihai Matei
  • 6 days ago

Galaxy M33 joins Samsung flagships in getting the May 2022 security patch

The May 2022 security patch went live last week, and so far, Samsung has made the patch available to a variety of flagship devices, ranging from the Galaxy Tab S8 to the Galaxy Note 20. Now it’s time for the budget segment to join in on the latest update, and Samsung is rolling out the […]

  • By Mihai Matei
  • 3 months ago

Galaxy A51 is getting the April 2022 security patch

Yet another Samsung phone is being updated with the latest security patch. Which one? It’s the Galaxy A51 (LTE), and it’s getting the April 2022 update. Samsung has released the April 2022 security patch for the Galaxy A51 (SM-A515F), but as of this writing, the update is available only in Russia. Galaxy A51 (LTE) customers […]

  • By Mihai Matei
  • 4 months ago

Samsung stops selling phones, chips and other products to Russia

A lot of people were waiting on Samsung to take a position on the conflict between Ukraine and Russia. Many of the world’s leading tech companies have decided to suspend sales of their products and services to Russia. A day after the Vice Prime Minister of Ukraine wrote to Samsung with a request to stop […]

  • By Adnan Farooqui
  • 5 months ago

[Statement Samsung] Samsung silent as Ukraine asks it to stop selling products in Russia

The conflict between Ukraine and Russia continues with no end in sight. The US and the European Union, in addition to other countries, have imposed tough economic sanctions on Russia. These sanctions put incredible pressure on the country’s economy and will grind many of its industries to a halt. A lot of companies are also […]

  • By Adnan Farooqui
  • 5 months ago

The 5G budget phone market will soon offer the Galaxy F23 and M33

With the Galaxy S21 FE and the S22 flagship series official, Samsung can now turn its attention back to other smartphone models it plans to release in 2022. The budget Galaxy F23 5G and Galaxy M33 5G are among them, and they appear to be getting closer to launch. Support pages for the upcoming Galaxy F23 […]

  • By Mihai Matei
  • 6 months ago