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Samsung Vietnam factory plans to suspend work for two weeks in December to destock

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According to ETNews, Samsung’s smartphone factory in Vietnam is scheduled to shut down for two weeks in December, which is seen as a measure taken by Samsung to de-stock.

It is reported that the Samsung Vietnam smartphone factory is its largest smartphone production base in the world, carrying half of Samsung’s mobile device production. Except for the most serious period of the new crown epidemic, Samsung has never had its smartphone factory shut down for more than 2 weeks, which indicates the current state of the smartphone market is quite severe.

Industry sources say that Samsung smartphone sales are sluggish, so it began to adjust inventory, lower production line crop rate or shutdown, are possible means to take. Although Samsung has not yet explicitly announced, but Samsung seniors prefer a Vietnam factory shutdown more than 2 weeks scenario.

If the rumors come true, Samsung also intends to fully inventory at the end of November, do not rule out the possibility that there will be employees “leave”. Foreign media believe that the shutdown may also spread to other Samsung cell phone factories, such as production second only to the Vietnam plant in India, Brazil, Indonesia and Gumi, Gyeongsangbuk-do, South Korea.

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