Samsung Display plans to invest $1.8 billion in a new OLED manufacturing plant in Vietnam, increasing its total investment in the country to $22.4 billion, boosting electronics production and enhancing global competitiveness.
Samsung Display’s $1.8 Billion Investment in Vietnam
Samsung Display is set to invest $1.8 billion in a new OLED manufacturing plant in Vietnam, increasing its total investment in the country to $22.4 billion. This move solidifies Vietnam’s position in the global electronics industry.
Expanding Investment and Economic Impact
Samsung Display Co is adding $1.8 billion for a new OLED plant in Bac Ninh, Vietnam, to produce advanced OLED displays for various applications. With a cumulative investment of $22.4 billion, Samsung’s presence in Vietnam significantly contributes to the country’s economy and exports, highlighting Vietnam’s growing role in the global electronics supply chain.
R&D Innovation and Collaboration
Along with manufacturing facilities, Samsung is focusing on R&D in Vietnam. The company’s R&D center in Hanoi employs 2,400 engineers and collaborates with Vietnam’s National Innovation Center to train 50,000 semiconductor engineers by 2030, enhancing Vietnam’s competitiveness in high-tech industries.
Source : Samsung’s $1.8 Billion Investment in Vietnam’s OLED Manufacturing Facility