Apple’s partner Pegatron has been approved an additional US$101 million investment in Vietnam by the Taiwanese authorities.
| The perspective of Pegatron's facility in Haiphong's Nam Dinh Vu IP. Photo: Pegatron |
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The investment in Vietnam will be poured in the production and sales of computers and communication equipment, and electronic components.
The Investment Commission under the Taiwanese Ministry of Economic Affairs is responsible for the approval of foreign investments by Taiwanese companies.
Last September, the Taiwanese company, a major partner of Apple, Microsoft and Sony, announced its plan of investing US$1 billion in three stages to build a manufacturing complex at Nam Dinh Vu Industrial Park in the northern city of Haiphong.
Last October, the company was awarded license for a US$481 million manufacturing project to produce gaming equipment, phone accessories, smart speakers, game controllers, and all kinds of computers in the port city of Haiphong.
Established in Vietnam in March 2019, the investor planned to move its research & development center from China to Vietnam for the 2026-27 period.
Besides Pegatron, the Taiwanese company Hon Hai Precision Industry, known as Foxconn, and Wistron Corporation are key suppliers to Apple.
- Over US$4.6 billion poured into Vietnamese startups in past decade
- Nvidia, FPT invest US$200 million in AI factory
- US-based Rosen Partner to invest in world-class entertainment complex projects in Vietnam
- Foreign capital set to dominate Vietnam’s M&A landscape
- Samsung to invest US$1 billion annually in Vietnam
- Thai bank acquires Vietnamese finance company