Samsung Electro-Mechanics’ $920M Investment Proposal Approved in Vietnam
Published: 17 February 2022
by Chelsey Drysdale
THAI NGUYEN, VIETNAM – Samsung Electro-Mechanics’ proposal to invest $920 million in Vietnam has been approved.
The investment is expected to boost the production of flip-chip ball grid arrays from its subsidiary in the Southeast Asian country.
Samsung Electro-Mechanics Vietnam submitted its investment proposal here in December. Approval reportedly came yesterday.
The investment will be implemented in stages by 2023 and is in response to an increase in demand for package substrates, establishing a foundation for preoccupying high-value-added product markets.
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