Samsung is set to significantly expand its partnership with Chinese Original Design Manufacturers (ODMs) and Joint Device Manufacturers (JDMs) in the upcoming year.
This strategic move underscores the South Korean technology behemoth's increasing dependence on external manufacturers for its economy smartphone lineup.
A report from The Elec has forecasted that Samsung aims to outsource the production of a staggering 67 million smartphones in 2024.
This anticipated volume of outsourced smartphones marks a considerable increase from the 44 million units outsourced in 2023.
By entrusting a larger portion of its production to Chinese ODMs and JDMs, Samsung is evidently striving to streamline its manufacturing process and reduce costs.
Such a shift not only highlights the growing trend of outsourcing in the smartphone industry but also signals Samsung's efforts to maintain competitiveness in the budget smartphone market.
Ultimately, this strategy may enable Samsung to enhance its product offerings and meet consumer demands more effectively, solidifying its position in the global market.