Source: Reuters

Samsung Display’s new facility for the manufacture of organic light-emitting diode (OLED) displays will be located in Yen Phong industrial park in Bac Ninh province east of Hanoi and close to an existing electronics plant, the government said in a statement released after the meeting between Prime Minister Pham Minh Chinh and Choi Joo Ho, the General Director of Samsung group in Vietnam.

Samsung Display is a unit of Samsung Electronics, the flagship of the Samsung group. Bac Ninh authorities and Samsung Display also signed on Sunday a memorandum of understanding of the OLED project, local media reported, adding the investment would raise the group’s total investment in Bac Ninh to US$8.3 billion from the current $6.5 billion.

Vietnam has over the last decade emerged as one of the most attractive production hubs for electronics companies. According to Choi, the Samsung group has established six manufacturing plants, one research and development centre, and one sales entity in Vietnam, with a cumulative investment of US$22.4 billion.

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The post Samsung Plans To Invest US$1.8 Billion More In Vietnam For OLED Manufacturing appeared first on Asia Pacific Metalworking Equipment News | Manufacturing | Automation | Quality Control.