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Taiwan approves $101 mln Pegatron investment in Vietnam

Taiwan approves $101 mln Pegatron investment in Vietnam

Monday, June 07, 2021, 19:52 GMT+7
Taiwan approves $101 mln Pegatron investment in Vietnam
The logo of Pegatron, which assembles electronics from Apple Inc’s iPhones, is seen during an annual general meeting in Taipei, Taiwan June 20, 2017. Photo: Reuters

Taiwan on Monday approved a $101 million increase in the investment in Vietnam by Pegatron Corp, a major manufacturing partner of Apple , Microsoft and Sony.

The Taiwan Economy Ministry's investment commission, which must approve overseas investments by Taiwanese companies, said the investment in Pegatron's Vietnam subsidiary would be for the production and sales of computers and peripheral equipment, communication equipment and electronic components.

It gave no further details and Pegatron did not immediately respond to a request for comment.

Vietnamese state media reported on September that Pegatron was looking to invest $1 billion in three phases in production facilities in areas such as computing, communication and consumer electronics in the country.

Pegatron is best known as a key supplier to Apple, along with Taiwan's Foxconn and Wistron Corp.

Reuters

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