Samsung to expand foldable devices production capacity in Vietnam
(VOVWORLD) - Samsung Electronics will b egin expanding the production capacity of foldable devices at its plant in Vietnam’s northern province of Bac Ninh within the second half of this year, according to The Korean Economics Daily.
 Samsung’s plant in Vietnam’s Bac Ninh province. (Source: Samsung) |
Samsung Display will increase its annual production capacity of foldables by 47%, from the current 17 million to 25 million. The project targets a full operation by the end of this year or early next year at the latest.
Experts say that once Samsung completes the expansion, the company will be able to produce 10 million units of Z Fold models and 15 million units of Z Flip models a year.
Samsung’s decision to ramp up capacity is mainly driven by soaring market demand. Its third-generation foldable models recorded 920,000 pre-orders in the Republic of Korea, 1.8 times more than its latest smartphone Galaxy S21. The number of pre-orders for the new foldable phones was even higher in China with more than 1 million.
In Vietnam, Samsung is running six plants and building a research and development centre. Investing nearly 18 billion USD in the country so far, the company is employing 110,000 employees.