Apple, Samsung supplier BOE plans two new factories in Vietnam

Chinese display maker BOE Technology Group Co Ltd, a supplier of both Apple Inc and Samsung Electronics Co Ltd, has a plan to invest a substantial sum to build two factories in Vietnam.

Thursday, January 12, 2023 10:52

Apple, Samsung supplier BOE plans two new factories in Vietnam ảnh 1

Headquarters of BOE Technology Group Co Ltd (Photo: China Daily)

Hanoi (VNA) - Chinese display maker BOE Technology Group Co Ltd, asupplier of both Apple Inc and Samsung Electronics Co Ltd, has a plan to investa substantial sum to build two factories in Vietnam.

The investment may total up to 400 million USD, UK-based Reutersreported.

BOE is in talks to rent dozens of hectares of land in thenorthern region to add to its relatively small plant in the south that suppliesmostly TV screens to the Republic of Korea's Samsung and LG Electronics Inc.

BOE plans to rent up to 100 hectares and use 20% for a plantmaking remote control systems at a cost of 150 million USD. The rest will be fordisplays, with BOE spending 250 million USD to build a plant on 50 hectareswhile suppliers will use the remaining 30 hectares, all by 2025.

Northern Vietnam has in recent years attracted significantinvestment from electronics giants, becoming a major hub for the production ofsmartphones, computers and cameras, including flagship goods from Apple andSamsung.

Hon Hai Precision Industry Co Ltd (Foxconn) and China'sLuxshare Precision Industry also make or plan to assemble a number of Appleproducts in the area such as laptop and tablet computers./.

VNA

#BOE Technology Group Co Ltd #Apple Inc #Samsung Electronics Co Ltd #Vietnam #Vietnamplus #Vietnam News Agency

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