Samsung Electronics Co has secured emergency supplies of three key materials that Japan had cut off as part of its export restrictions, averting a crisis at the South Korean company’s production lines.
Samsung Vice Chairman Jay Y Lee shared the outcome of his Japan trip with the company’s management during a directors meeting he hosted on Saturday, Yonhap reported, citing unidentified people familiar with the financial situation. “While it is unknown how Lee secured the additional inventory, or how big the emergency stock is, his procurement will help prevent a grave manufacturing deadlock,” Yonhap said.
A Samsung Electronics ...
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