Samsung rival BOE plans $400 million investment to build two new factories in Vietnam

China’s leading display maker BOE reportedly plans to invest heavily in building two factories in Vietnam, with a total investment of US $400 million. BOE is one of the world’s biggest display makers that supplier displays to many companies including Apple and Samsung.

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According to the information, BOE is to lease hundreds of hectares of land in northern Vietnam to expand its relatively small factory in southern Vietnam. The plant mainly supplies TV screens to South Korea’s Samsung Electronics and LG Electronics.

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The Chinese display maker BOE intends to hire 100 hectares of land, 20 percent of which will be used to build a $150 million factory to make remote control systems and the rest of the land will be used to build a display factory. The company will spend $250 million to build a factory on 50 hectares of land, leaving the remaining 30 hectares to suppliers. All this will be completed by 2025.

The world’s biggest smartphone maker Samsung produces half of its phones in Vietnam, while LG also has a large presence in the country and plans to make new investments.

In recent years, North Vietnam has attracted huge investment from electronics giants to become a major production hub for smartphones, computers, and cameras, including flagships from Apple and Samsung.

Apple contract manufacturers Hon Hai Precision and LuxShare Precision also assemble or plan to assemble a range of products, including Apple laptops and tablets.

Instead of LCD screens, BOE plans to make more complex OLED screens in factories. The recent report reveals BOE defeated Samsung and secured the most significant order for iPhone 15 and 15 Plus display panels