The Chinese display manufacturer BOE Technology Group Co., Ltd. – a supplier for both Apple and Samsung – has plans to build two factories with a total investment capital of $400 million in Vietnam, according to information published by Reuters.
|BOE Technology Group plans to invest $400 million in Vietnam |
BOE Technology is negotiating to rent approximately 100 hectares in an industrial park in a northern province. The company will develop a 20-ha remote control equipment production factory worth $150 million in addition to a 50-ha display production factory with a total investment capital of $250 million. The remaining 30-ha area will be set aside for its vendors.
BOE will focus on producing sophisticated organic light-emitting diode (OLED) screens at the site rather than liquid-crystal displays. Apple primarily uses OLED displays for its latest iPhones and BOE officially become one of Apple’s vendors in 2021.
However, according to Reuters, both Apple and BOE declined to comment on the information.
The northern provinces have attracted significant investment from electronics giants in recent years, becoming a major hub for the production of smartphones, computers, and cameras, including flagship goods from Apple and Samsung. Some of these manufacturers include Luxshares, Foxconn, Pegatron, and Qisda.
Almost all of them have plans to expand their operations in Vietnam to better serve their customers. Notably, Apple plans to start producing MacBooks in Vietnam for the first time early this year. Apple has tapped its top supplier, Taiwan's Foxconn, to start making the laptops in the country, possibly as early as May.
Along with this, many other big manufacturers such as OPPO, HP, and Brose are also studying plans to relocate their production facilities into Vietnam.
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A delegation of nine Taiwanese investors made a business trip to Vietnam to survey investment opportunities in many cities and provinces and intensify bilateral cooperation.
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LG Corporation will invest an additional $4 billion in Vietnam and plans to make the nation its production hub for smartphone camera products.
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