Vietnam says Taiwan's Foxconn starts factory to make displays

  • 📰 Reuters
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 97%

Technology Technology Headlines News

Technology Technology Latest News,Technology Technology Headlines

Taiwan-based electronics maker Foxconn turned out the first batch of display screens this week at its $26-million factory in Vietnam, the government of the southeast Asian nation said on Wednesday.

Most of the 20,000 screens to be produced each year at the factory in the northern province of Quang Ninh are destined for export, the government said in a statement.

“Foxconn is preparing to expand the project and form a production complex,” it added, saying the plan would make the company the leading exporter in the province.The nation of 96 million has become a key production base for firms such as South Korea’s Samsung Electronics to LG Electronics Inc, after it signed several free trade pacts.

Foxconn is to expand the Quang Ninh factory, which took a year to build, to eventually produce a million display screens and televisions, for total export revenue of about $250 million next year, the government said.Foxconn, the world’s largest contract electronics maker, set up its first Vietnam factory in 2007 in the northern province of Bac Ninh.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Wisconsin would like a word...

Vietnam is now an envy of the rest of the ASEAN countries. Vietnamese economy is skyrocketing so fast! So many multinational companies are investing and creating lots of jobs in their country. Unfortunately, these are the things the Philippines can only wish for.

But did they put up the suicide netting is the question?

good luck

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in TECHNOLOGY

Technology Technology Latest News, Technology Technology Headlines