Electronic components manufacturer Samsung Electro-Mechanics will invest $920 million in a production facility in northern Vietnam.
The investment will boost the company’s existing production in Thai Nguyen province of printed circuit boards and other phone components, and will raise the company’s total investment $2.27 billion.
Vietnam, a manufacturing powerhouse, has become an increasingly crucial part of the global technology supply chain. It has drawn interest and investment from companies seeking to diversify their production and reduce their exposure to China, and because of its relative success in containing the spread of the coronavirus.
