Apple supplier Goertek said on Monday it would invest up to US$280mil (RM1.31bil) to establish a wholly-owned subsidiary in Vietnam to meet demands for “business expansion and long-term operation” in the South-East Asian nation, according to a corporate filing.
Goertek’s Vietnamese entity, which will manufacture consumer electronics products from AirPods 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.
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