Apple supplier BOE plans new factories in Vietnam -sources - BusinessWorld Online

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Apple supplier BOE plans new factories in Vietnam -sources - BusinessWorld Online
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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 Vietnam, two people familiar with the matter said. READ:

to lower supply chain exposure to China amid trade and geopolitical tension between Beijing and Washington and production disruption caused by China’s COVID-19 containment measures.to add to its relatively small plant in the south that supplies mostly television screens to South Korea’s Samsung and LG Electronics Inc., the people said, declining to be identified as negotiations were confidential.

has in recent years attracted significant investment from electronics giants, becoming a major hub for the production of smartphones, computers and cameras, including flagship goods fromHon Hai Precision Industry Co Ltd and China’s Luxshare Precision Industry also make or plan to assemble a number ofto rent up to 100 hectares and use 20% for a plant making remote control systems at a cost of $150 million, one of the people said.

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