Screen supplier for Apple wants to build a new factory in Vietnam

According to the latest report from Reuters news agency, Chinese display maker BOE Technology Group, which is supplying components for both Apple and Samsung, plans to invest to build two factories in Vietnam, according to the latest report from Reuters. said two well-informed sources.

The investment could be as much as $400 million, one of them said.

A source said negotiations are ongoing, and the BOE plans to lease up to 100 hectares then use 20 hectares for a remote control system factory at a cost of $150 million. 50 hectares will be for the display factory, with a capital of 250 million USD. The company’s suppliers will use the remaining 30 hectares, between now and 2025.

BOE plans to manufacture OLED displays at this location instead of LCD panels. Apple recently added BOE to its list of 2021 manufacturing partners, and uses OLED screens for its latest iPhone models.

The Chinese company also has a factory in the South, where it mainly produces TV screens for Samsung and LG Electronics.

Both BOE and Apple declined to comment on this information.

BOE is China’s largest display manufacturer by volume and will become the largest supplier of screens for new iPhones by 2024, according to a recent forecast by analyst Kuo Ming-chi at TF International Securities. .

In recent years, Vietnam has attracted significant investments from electronics giants, becoming a manufacturing hub for smartphones, computers and large cameras, including staples. by Apple and Samsung.

Hon Hai Precision Industry (the parent company of Foxconn) and China’s Luxshare Precision Industry also manufacture or plan to assemble some Apple products in Vietnam, such as laptops and tablets.

Refer to Reuters, SCMP