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Technology Stocks : OLED Universal Display Corp
OLED 124.66+0.8%Jan 8 3:59 PM EST

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From: Ravid.Ron2/22/2020 4:25:33 AM
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Samsung "Gumi cell phone plant closed temporarily, no production disruption"

Samsung has temporarily closed the Gumi 2 plant where the new coronavirus infection (Corona 19) confirmer worked. However, there will be no disruption to the production of mobile phones here.

According to Samsung Electronics on the 22nd, A, a member of Samsung Electronics' Wireless Business Division, who worked at Gumi 2 in Gyeongbuk, received a confirmation of corona19 confirmation this morning.

Accordingly, Samsung Electronics said that it will close the Gumi 2 plant by the 24th, and the floor where A, the inspector of the plant, will work until the 25th.

The Gumi 2 plant will produce and develop Samsung mobile phones. Currently, some premium smartphones and foldable phones are being produced.



However, there is concern that this will affect supply of goods as the cell phone assembly line is temporarily suspended.

However, Samsung Electronics is in a position that weekends are included in the closing period, so if the production line is restarted at the beginning of next week, there will be no problem with the supply of fixed quantity.

A Samsung Electronics official said, "There is a weekend included in the closing period, so if the plant is restarted early next week, there will be no problem in supplying products to customers."

"For example, semiconductors are difficult to shut down due to production yields, but production disruptions will not be significant because they are finished assembly lines."

Earlier, Jang Se-yong, Gumi Mayor, said, “I am very sorry for delivering the unfortunate news. One corona 19 confirmed in our city.” "It was confirmed that I met a boyfriend."

Samsung Electronics' Corona 19 Emergency Response Task Force asked all employees to refrain from going out, using multiple facilities and gathering.

In addition, Samsung Corona19 Emergency Response TF informed employees of the message, "Please wear a personal mask when you go to work on Monday to prevent personal infections." "He said.

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This is Korean news using a translator.
There may be a mistranslation, so check out the article

I don't think it's a big problem unless the semiconductor plant stops. In the case of SK hynix, it was confirmed by corona virus negative, and after confirming private internal news, they are still operating the plant and are doing their best for prevention.

Many companies in Korea have already experienced SARS virus and have responded well enough and will respond efficiently.

The point seems to depend on how quickly South Korea puts the coronavirus into control.
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