Apple supplier BOE to invest up to $400 million in new factories in Vietnam

Chinese display maker and Apple supplier BOE Technology Group plans to invest heavily to build two factories in Vietnam, Reuters said on Wednesday, “two people familiar with the matter”. reported by citing

Francesco Guarascio for Reuters:

The total investment could be up to $400 million.

The plan follows U.S. iPhone maker Apple and Taiwanese device assembler Foxconn amid trade and geopolitical tensions between Beijing and Washington, as well as production disruptions caused by China’s COVID-19 containment measures. It highlights efforts by the technology companies it leads to reduce the exposure of its supply chains to China.

BOE is in talks to lease dozens of hectares of land in northern Vietnam to add to a smaller factory in the south that mainly supplies TV screens to South Korea’s Samsung Electronics and LG Electronics, according to people familiar with the matter. be. .

Hong Hai Precision Industry Co Ltd (Foxconn) and China’s Luxshare Precision Industry will also manufacture or assemble a number of Apple products in this sector, including laptops and tablet computers.

MacDailyNews takes: The migration of eggs from one basket in China is belatedly continuing.

In October 2021, Apple added BOE to its list of suppliers for the 6.1-inch iPhone 13 OLED.

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