Apple, Samsung supplier BOE plans two new factories in Việt Nam
Chinese display maker BOE Technology Group Co Ltd, a supplier of both Apple Inc and Samsung Electronics Co Ltd, plans to invest a substantial sum to build two factories in Việt Nam.
The investment may total up to US$400 million, UK-based Reuters reported.
BOE is in talks to lease dozens of hectares of land in the northern region to add to its relatively small plant in the south that supplies mostly TV screens to the Republic of Korea’s Samsung and LG Electronics Inc.
BOE plans to use up to 100 hectares, with 20 percent for a plant making remote control systems by $150 million. The rest will be for displays, with BOE spending $250 million to build a plant on 50 hectares while suppliers will use the remaining 30 hectares, all of them are built by 2025.
Refer to:
Vietnam news
