Samsung Electronics’ (SSNLF) display panel unit has reportedly gotten approval to invest an additional $2.5 billion in Vietnam to increase the amount of capacity for its flat panel displays.
According to a report in Reuters, citing Vietnam’s VTV state television, the license to invest $2.5 billion more in the county will enable Samsung to increase the production of its display panels to 220 million units a year up from the current 180 million a year.
With the new funding, Samsung Electronics’ total investment in Vietnam will rise to $6.5 billion.
While Vietnam has been known in the past for being a manufacturer of clothing, it has been rapidly expanding into the tech sector over the past few years and is now a major manufacturing hub for Samsung Electronics and its many subsidiaries.
Source de l’information
Article: Samsung Unit to Invest $2.5B More In Vietnam.
Sujet et source de l’image
Sujet de l’image: Une rue de la ville de Ho Chi Minh.
Source de l’image : Wikimedia Commons.