AirPods maker Goertek to open Vietnam factory as part of Apple’s supply chain diversification
- Goertek was tapped by Apple as one of the major mainland suppliers of its mixed reality Vision Pro headset, which is set to launch in early February
- The Vietnamese subsidiary is expected to be located in the Bac Ninh province, which has attracted investment from a raft of South Korean firms
Apple supplier Goertek said on Monday it would invest up to US$280 million to establish a wholly-owned subsidiary in Vietnam to meet demands for “business expansion and long-term operation” in the Southeast Asian nation, according to a corporate filing.
Goertek’s Vietnamese entity, which will manufacture consumer electronics products from earbuds and smartwatches to virtual reality and augmented reality gear, is a project that will meet both the Chinese assembler’s future development plan and client demand, it said in the filing to the Shenzhen Stock Exchange.
“[The project] is advantageous to make better use of local resources in Vietnam to enhance the company’s overall competitiveness,” Goertek said.
The Vietnamese subsidiary, which will be set up through its Hong Kong entity Goertek (Hong Kong) Co, is expected to be located in the Bac Ninh province, which has attracted investment from a raft of South Korean firms including consumer electronics and semiconductor giant Samsung Electronics.