Samsung Display plans to invest $1.8 billion in a new OLED manufacturing plant in Vietnam, raising its total investment there to $22.4 billion, enhancing the country’s role in global electronics.
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Samsung Display plans to invest $1.8 billion in a new OLED manufacturing plant in Vietnam, raising its total investment there to $22.4 billion, enhancing the country’s role in global electronics.
Key Points
Samsung’s Investment: Samsung Display Co will invest an additional US$1.8 billion in a new OLED plant in Bac Ninh, Vietnam, increasing its total investment in the region to US$8.3 billion. This facility aims to produce advanced OLED displays for technology and automotive applications.
Economic Impact: The investment emphasizes Vietnam’s growing role in the global electronics supply chain and showcases its favorable business environment. Samsung’s cumulative investment in Vietnam is now at US$22.4 billion, contributing significantly to the country’s economy and exports.
R&D and Collaboration: Samsung’s R&D center in Hanoi employs 2,400 engineers, fostering technological…