Apple supplier Quanta plans to invest $120M in a production facility in Vietnam.
The move follows reports
in December that the company aimed to shift a portion of its Macbook
Pro manufacturing capacity to the Southeast Asian country.
- Quanta penned a deal with authorities of Vietnam’s Nam Dinh province on Friday to set up a factory in the region.
- The
project is expected to cost $120M and will be constructed in the My
Thuan Industrial Park, 90 km (56 miles) south of Vietnam's capital,
Hanoi.
- The entire development will cover 22.5 hectares of land and will be Quanta’s ninth factory worldwide.
- The statement did not provide details about the manufacturing capacity or a construction timeline.
- Foxconn, another Apple supplier, signed a $300M memorandum of understanding with a Vietnamese developer in August to build out its facilities in North Vietnam.
- Apple has been pressuring its manufacturers to shift their production capacity outside of China as the company faces pressure from lawmakers in Washington.
- Macbook Pros are more complex to manufacture than iPhones, which has made it more difficult for Apple to move its Macbook assembly process outside of China, reports Nikkei Asia.
