Apple supplier Pegatron to expand Vietnam operations
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Pegatron Corp, an assembler for Apple, Microsoft and Sony, plans to increase its investment in Vietnam for electronics production by $101 million.
Taiwan’s Ministry of Economic Affairs, which has to approve overseas investments by local companies, as saying Pegatron’s investment in Vietnam would be for the production of computers and peripherals, communications equipment and electronic components.
The company has not disclosed details of the investment.
It invested $19 million to build its first plant at the Dinh Vu Industrial Zone in Hai Phong City in March last year to produce computers, communications equipment and consumer electronic products.
It plans to build its second and third plants at a cost of $481 million and $500 million and also move its research and development center from China to Vietnam.
Questions & Answers
Q.Which specific products will Pegatron be manufacturing with this new investment?
Which specific products will Pegatron be manufacturing with this new investment?
The investment in Vietnam is intended for the production of computers and peripherals, communications equipment, and electronic components. This broadens their existing manufacturing in the region.
Q.What is the total investment Pegatron is planning for its operations in Vietnam, including existing and new projects?
What is the total investment Pegatron is planning for its operations in Vietnam, including existing and new projects?
Pegatron initially invested $19 million in its first plant. They now plan to add $101 million for expansion, plus $481 million and $500 million for two new plants, totalling over $1.1 billion.
Q.Which existing facility is Pegatron relocating from China to Vietnam as part of this expansion?
Which existing facility is Pegatron relocating from China to Vietnam as part of this expansion?
Pegatron plans to move its research and development center from China to Vietnam. This relocation is part of their broader expansion and investment strategy in the country.