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SAMSUNG DISPLAY TO EXPAND FACTORY IN VIETNAM

2017-09-02 18:34:48

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SAMSUNG DISPLAY TO EXPAND FACTORY IN VIETNAM

 

Samsung Display will invest another W3 trillion in its factory in Vietnam (US$1=W1,132).

A Samsung Display staffer on Sunday said the Vietnamese government recently approved a US$2.5 billion investment in the factory in the country's northern Bắc Ninh region. That will raise the firm's total investment in the plant to $6.5 billion.

Samsung Display brings OLED panels manufactured in Korea to the Vietnamese factory and turns them into modules with circuits before sending them to affiliate Samsung Electronics.

The move comes ahead of Apple's plans to equip the iPhone 8 with OLED panels when it is released in the second half of this year, while Chinese rivals OPPO, Vivo and Huawei are also boosting OLED smartphone production.