{"id":29254,"date":"2023-01-11T12:28:00","date_gmt":"2023-01-11T12:28:00","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2023\/01\/11\/boe-plans-400-million-investment-in-new-vietnam-factories\/"},"modified":"2023-01-11T12:28:00","modified_gmt":"2023-01-11T12:28:00","slug":"boe-plans-400-million-investment-in-new-vietnam-factories","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2023\/01\/11\/boe-plans-400-million-investment-in-new-vietnam-factories\/","title":{"rendered":"BOE plans $400 million investment in new Vietnam factories"},"content":{"rendered":"

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Display maker BOE is reportedly following Foxconn and Samsung in building new production facilities in North Vietnam, in part to produce iPhone<\/a> screens. <\/p>\n

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Chinese firm BOE Technology Group previously had issues<\/a> producing iPhone displays, but most recently appears to have regained substantial orders<\/a> from Apple. <\/p>\n<\/div>\n

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Now, according to Reuters<\/em>, the company is planning<\/a> to build two new factories and is reportedly in discussions over renting dozens of hectares of land. BOE already has a small presence in South Vietnam, but these new plants will be in the north. <\/p>\n<\/div>\n

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In total, the company plans to rent up to 100 hectares of land, and around one fifth would be used for a $150 million plant to make remote control systems. <\/p>\n<\/div>\n

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The remainder of the space, and the remaining $250 million, will go to a display plant occupying 50 hectares. BOE plans to use the remaining space to house suppliers. <\/p>\n<\/div>\n

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Despite being on track to become Apple’s largest<\/a> display provider in the next few years, the new plant will reportedly not be dedicated to the iPhone or any one customer. <\/p>\n<\/div>\n

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Citing unspecified sources, Reuters<\/em> said that the plants are expected to be operational by 2025. Separately, Bloomberg<\/em> has reported that Apple intends to begin producing displays in-house by 2024<\/a>. <\/p>\n<\/div>\n

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BOE’s moves echo those of other technology firms looking to expand while avoiding issues of over-reliance on China, and US\/Chinese trade tensions. Foxconn has already been reported to be investing $300 million<\/a> to expand its North Vietnamese facilities.<\/p>\n<\/div><\/div>\n