The Taiwanese government has given the nod to Pegatron Corporation to pour an additional $101 million investment in Vietnam.
|Pegatron to pour additional $101 million into its Vietnam investment |
The news was announced by the Taiwanese Ministry of Economic Affairs' Investment Commission, which is responsible for the approval of foreign investments by Taiwanese companies. Pegatron’s investment in Vietnam will specialise in th emanufacturing and trade of computers and peripheral equipment, communication equipment, and electronic components.
It was reported in last September that Pegatron Corporation, one of the world’s five largest electronic parts and component manufacturers, was seeking to invest $1 billion in Vietnam, and proposing to develop a plant in the northern region.
Petragon plans to manufacture computing, communications, and consumer electronics, in addition to moving its research and development centre from China to Vietnam, according to a source from the Ministry of Planning and Investment.
Pegatron is a key supplier to Apple, along with Taiwan’s Foxconn and Wistron Corporation. Petragon established local subsidiary Pegatron Vietnam Co., Ltd. in March last year. In October 2020, the company was awarded an investment certificate to develop a $481 million factory to produce gaming equipment, phone accessories, smart speakers, game controllers, and all kinds of computers in Haiphong.