Samsung Expands Module Facility in Viet Nam
February 07, 2017
Samsung Display is talking with the government of Bac Ninh Province, northern Vietnam, about an additional investment of US$2.5 billion to expand its AMOLED module factory, according to South Korea-based Chosun Ilbo (Chosun Daily Newspaper). The talk is focusing on administrative support and tax incentives to be offered by the provincial government and the plan for additional investment is likely to be finalized as soon as in the first quarter of 2017. Samsung Display in 2014 set up the factory to assemble AMOLED panels into modules for use by Samsung Electronics' smartphone factories in the province and Thai Nguyen Province, northern Vietnam also, with AMOLED panels transported from its factories in South Korea.
Samsung Display needs to expand the factory for assembling AMOLED smartphone modules in Vietnam as demand grows for rigid and flexible panels, expected to reach 527m in 2017 up ~50% Y/Y.