Samsung, Vietnam in talks over $3bn mobile phone factory

Smartphone giant already has $2bn plant in the country


Samsung Electronics has applied for a licence to open a new $3bn smartphone factory in northern Vietnam, near an existing facility.

Sammy is planning to build the plant in Thai Nguyen province, where it already has a $2bn phone factory that it opened in March, Dau Tu newspaper originally reported.

In an emailed statement, the company confirmed that it was in talks with the government for “long-term investment plans”.

“The $3bn investment figure is the maximum amount that can be invested during the period, which is still under discussion with the Vietnamese government,” a company spokesperson said.

“There are further details to be fixed before the final approval of the license, and therefore, the specific schedule and size of the investment are still not yet decided,” the spokesperson added.

Vietnam is one of a number of countries seeing renewed tech investment as electronics firms try to compete with low-priced Chinese rivals. According to Dau Tu, Samsung has already invested $11.2bn in Vietnam for projects including smartphone, display, and components factories. ®

Broader topics


Other stories you might like

  • AMD claims its GPUs beat Nvidia on performance per dollar
    * Terms, conditions, hardware specs and software may vary – a lot

    As a slowdown in PC sales brings down prices for graphics cards, AMD is hoping to win over the market's remaining buyers with a bold, new claim that its latest Radeon cards provide better performance for the dollar than Nvidia's most recent GeForce cards.

    In an image tweeted Monday by AMD's top gaming executive, the chip designer claims its lineup of Radeon RX 6000 cards provide better performance per dollar than competing ones from Nvidia, with all but two of the ten cards listed offering advantages in the double-digit percentages. AMD also claims to provide better performance for the power required by each card in all but two of the cards.

    Continue reading
  • Google opens the pod doors on Bay View campus
    A futuristic design won't make people want to come back – just ask Apple

    After nearly a decade of planning and five years of construction, Google is cutting the ribbon on its Bay View campus, the first that Google itself designed.

    The Bay View campus in Mountain View – slated to open this week – consists of two office buildings (one of which, Charleston East, is still under construction), 20 acres of open space, a 1,000-person event center and 240 short-term accommodations for Google employees. The search giant said the buildings at Bay View total 1.1 million square feet. For reference, that's less than half the size of Apple's spaceship. 

    The roofs on the two main buildings, which look like pavilions roofed in sails, were designed that way for a purpose: They're a network of 90,000 scale-like solar panels nicknamed "dragonscales" for their layout and shimmer. By scaling the tiles, Google said the design minimises damage from wind, rain and snow, and the sloped pavilion-like roof improves solar capture by adding additional curves in the roof. 

    Continue reading
  • Pentester pops open Tesla Model 3 using low-cost Bluetooth module
    Anything that uses proximity-based BLE is vulnerable, claim researchers

    Tesla Model 3 and Y owners, beware: the passive entry feature on your vehicle could potentially be fooled by a new form of relay attack.

    Discovered and tested by researchers at NCC Group, the attack allows anyone with a tool similar to NCC's to relay the Bluetooth Low Energy (BLE) signal from a smartphone that has been paired with a Tesla back to the vehicle. Far from simply unlocking the door, the hack lets the attacker start the car and drive away too.

    In its testing, NCC Group said it was able to perform a relay attack that allowed researchers to open a Tesla Model 3 from a home in which the vehicle's paired device was located (on the other side of the house), approximately 25 meters away.

    Continue reading

Biting the hand that feeds IT © 1998–2022