$SUI #StablecoinLaw
Samsung is reportedly exploring a shift of part of its smartphone production from Vietnam to India, driven by the potential for lower tariffs and a desire to bolster its manufacturing base in a key market.
Vietnam currently produces about 60% of Samsung’s 220 million annual smartphone units, including significant exports to the US.
The move follows recent US tariff hikes, with Vietnam facing a 46% levy compared to India’s 26%, prompting companies to reassess supply chains.
Samsung’s existing facilities in Noida and Chennai, along with partnerships with Indian manufacturers like Dixon Technologies and Bhagwati, could support this transition.
India’s Production-Linked Incentive (PLI) scheme, offering over ₹1,000 crore in incentives, further enhances its appeal.
