Items tagged with Vietnam

Samsung has shown softening smartphone dominance, at least from a financial performance perspective, in recent quarters. That's not slowing anything down back at headquarters, however, as Samsung realizes that the only way to counter that is to simply grow and take more of the market, even if it's against the odds. Samsung has reportedly applied for a license that would enable it to "invest $3 billion in building a second smartphone factory in northern Vietnam," with the Thai Nguyen province set to gain its second Samsung shop. (The company opened a $2 billion facility there in March.) The news... Read more...
After several decades of exploiting cheap workers and low costs in China, a number of companies may have to move their facilities elsewhere. Chinese workers have begun demanding better compensation and safer working conditions (we saw how Foxconn dealt with the iPhone issues last month). Meanwhile, the yaun is finally appreciating after years of being deliberately undervalued. This puts further pressure on businesses already struggling with low profit margins. The chinese government has also entered the picture--it wants workers trained in high technology, not assembly lines or cardboard box production.... Read more...
Intel was wandering around the world with a billion dollars burning a hole in their pocket, looking for a place to build a semiconductor factory. My, how times have changed. Intel could have selected any country to build its largest chip assembly and testing plant. But the world's biggest semiconductor company decided to make the $1 billion investment in a relative newcomer to the high-tech game - Vietnam. Intel announced earlier this month it would more than triple its initial investment to expand the planned factory in southern Ho Chi Minh City... Read more...