Samsung to build $1B display factory in Vietnam

Jul 03, 2014 by Youkyung Lee

The display manufacturing unit of Samsung Electronics Co. said Thursday it secured approval from Vietnam to build a $1 billion factory in the Southeast Asian country.

Samsung Display Co. said that the plant in northern Vietnam will supply small displays for Samsung smartphones and tablet computers starting sometime next year.

The move underlines the rise of Vietnam as a key handset production base for Samsung, the world's largest maker of smartphone and handsets.

Samsung's factories for mobile phones are also located in South Korea and overseas including China and Brazil. But it is Vietnam, where Samsung has opened its first handset factory in 2011, which analysts expect to become the largest manufacturer of Samsung's mobile devices. Samsung Display is the second Samsung subsidiary to open a plant to churn out mobile phone components there.

Production capacity at Samsung's two handset factories north of Hanoi reportedly tops 200 million units a year, about half of its worldwide handset production.

South Korea is a major foreign investor in Vietnam, second only to Japan according to Vietnam's government data. Manufacturers such as Samsung and LG are drawn by Vietnam's low wages, plentiful numbers of young workers and tax benefits.

Explore further: Workers building Samsung factory riot in Vietnam

1 /5 (1 vote)
add to favorites email to friend print save as pdf

Related Stories

Workers building Samsung factory riot in Vietnam

Jan 09, 2014

Workers building a massive Samsung factory in northern Vietnam battled police and torched motorbikes on Thursday, in a rare outbreak of labor violence in the tightly controlled country.

Samsung to invest $4 billion in Austin plant

Aug 21, 2012

(AP) — Samsung Electronics co. will spend $4 billion renovating its plant in the U.S. to increase production of advanced chips used in smartphones and tablet computers.

Samsung, LG launch smartwatches with new Google software

Jun 26, 2014

South Korea's Samsung and LG on Thursday launched rival smartwatches powered by Google's new software as they jostle to lead an increasingly competitive market for wearable devices seen as the mobile industry's ...

LG accuses Samsung of infringing patents

Sep 27, 2012

South Korea's LG Display, one of the world's top flat-screen TV makers, said Thursday it had filed a patent infringement suit against Samsung Electronics over the use of advanced displays.

Recommended for you

China's Alibaba plans IPO for week of September 8

12 hours ago

Chinese e-commerce giant Alibaba plans to hold its initial public offering on the US stock market the week of September 8, the Wall Street Journal reported Saturday, citing a person familiar with the matter.

Tablet sales slow as PCs find footing

12 hours ago

Tablets won't eclipse personal computers as fast as once thought, according to studies by market tracker International Data Corporation (IDC).

Chinese e-commerce rivals challenge Alibaba (Update)

Aug 29, 2014

China's biggest property developer, Wanda Group, and Internet giants Baidu and Tencent unveiled a new e-commerce venture Friday in a challenge to industry leader Alibaba Group ahead of its U.S. stock offering.

User comments : 0