HANOI (Reuters) -Vietnam's smartphone production and exports fell in November in the run up to Christmas sales season, according to official data, a new sign the country's largest manufacturer, Samsung Electronics, is adapting to dwindling global demand. The South Korean electronics giant has for years produced about half of its smartphones in Vietnam and accounts for nearly a fifth of the country's overall exports. The fall in output is in line with what industry and government sources as well as Samsung employees have told Reuters that the company had recently cut its smartphone production in Vietnam for a second time this year.
(Bloomberg) -- Meta Platform Inc.’s former policy head for India is set to take a similar role at Samsung Electronics Co.’s local unit, people with knowledge of the matter said. Most Read from BloombergMalaysia Latest: Tight Election Race Points to Hung ParliamentElizabeth Holmes Sentenced to 11 Years for Theranos FraudCOP27 Poised for Deal After Breakthrough on Climate PaymentsMusk’s Twitter Fix-It Team Fades Out as Billionaire Says Transition Is Almost DoneTwitter Staff Wipeout Under Musk Spur
(Bloomberg) -- Samsung Electronics Co. said the global technology industry is in search of alternative sources for advanced semiconductors given rising political risks.Most Read from BloombergGOP Retakes US House by Slim Margin in Washington Power ShiftXi Looks Away From Putin Toward West in World Stage ReturnFTX’s New Boss Reveals Chaos Left Behind by Bankman-FriedMusk’s ‘Hardcore’ Ultimatum Sparks Exodus, Leaving Twitter at RiskElizabeth Holmes Says US Is Wrong to Suggest She Marry Her Partner