Samsung phone exits Made in China: Kunshan Samsung Electric employees will be liquidated to compensate N + 5

Samsung’s mobile phone exiting “Made in China” may be the liquidation of Samsung Electric in Kunshan, Suzhou, and the factory employees’ compensation amounted to N + 5.¬†Kunshan Samsung Electric Co. was the main production base of Samsung HDI products, and has been losing money for 5 consecutive years.

Public information shows that Kunshan Samsung Electric Co., Ltd. is a South Korean Samsung Electric Co., Ltd., which was incorporated in China in September 2009. It is located in Kunshan Economic Development Zone in Jiangsu Province.

Founded in 1973, Samsung Electric Co., Ltd. (SEMCO) is the flagship subsidiary of Samsung Group, the largest conglomerate in South Korea, and one of the largest electronics industry manufacturers in the world by revenue.

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