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Samsung to relocate display production from China to Vietnam: Report

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Hanoi: Samsung Electronics is planning to shift much of its display production from China to its plant in southern Vietnam this year, state media said on Friday.Samsung is the single largest foreign investor in Vietnam, with investments totalling $17 billion."Samsung sees Vietnam as an important gateway to other Southeast Asian countries and a link in its global supply chain," state-run newspaper Tuoi Tre reported."The move will make Vietnam become the world's leading supplier of Samsung screens."Samsung did not immediately respond to a Reuters request for comment.The news comes as more companies look to diversify supply chains beyond China, after widespread disruption globally when the novel coronavirus first struck in the world's.

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