Apple's AirPod manufacturing company opens subsidiary in Vietnam

Goertek, one of Apple's major manufacturers, said it will invest up to $280 million to open a subsidiary in Vietnam to expand its business and meet market demand.

Goertek opens subsidiary in Vietnam - Photo: SCMP

The South China Morning Post (SCMP) cited a document from Goertek on January 15 saying that the company will invest up to 280 million USD to establish a subsidiary in Vietnam to meet the needs for "long-term business expansion and operations". According to the filing to the Shenzhen Stock Exchange (Guangdong Province, China), Goertek's Vietnam branch will produce consumer electronics such as AirPods, smart watches, virtual reality devices and augmented reality devices. This project will simultaneously meet Goertek's future development plans and customer needs. "The project has the advantage of utilizing local human resources in Vietnam to enhance the company's overall competitiveness," SCMP quoted Goertek's announcement. Goertek is one of Apple’s largest suppliers in China for its Vision Pro virtual reality glasses, which are expected to launch in 2024. According to SCMP , this is Goertek’s latest move as Apple moves more of its manufacturing operations outside of China. Apple has encouraged its manufacturing partners to diversify operations to other countries, including Vietnam, to reduce their dependence on Beijing. Over the past 10 years, the number of companies making Apple products in Vietnam has quadrupled.

Tuoitre.vn

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