The fresh facility for the develop of natural gentle-emitting diode (OLED) displays will more than likely be located in Yen Phong industrial park in Bac Ninh province east of Hanoi and stop to an current Samsung electronics plant
Reuters
23 September, 2024, 11:55 am
Final modified: 23 September, 2024, 12:04 pm
South Korean electronic producer Samsung Display Co plans to make investments $1.8 billion for a factory this year in northern Vietnam to arrangement OLED displays for autos and expertise equipment, the Southeast Asian nation stated on Sunday.
The fresh facility for the develop of natural gentle-emitting diode (OLED) displays will more than likely be located in Yen Phong industrial park in Bac Ninh province east of Hanoi and stop to an current Samsung electronics plant, the govt. stated in an announcement launched after the assembly between Top Minister Pham Minh Chinh and the Customary Director of Samsung Vietnam Choi Joo Ho.
Bac Ninh authorities and Samsung Display on Sunday furthermore signed a memorandum of thought of the venture, native media reported, adding the funding would carry Samsung’s total funding in Bac Ninh to $8.3 billion from the fresh $6.5 billion.
Vietnam has over the last decade emerged as regarded as one of essentially the most tantalizing manufacturing hubs for electronics companies.
Per Choi, Samsung has established six manufacturing vegetation, one compare and trend centre, and one sales entity in Vietnam, with a cumulative funding of $22.4 billion.