According to the agreement, the plant in Hai Phong will be built on an area of 330,000 square meters, equivalent to 45 standard football fields. Construction is expected to begin next month and be completed in May of next year.
LG Innotek is now operating a plant producing camera modules as part of its optical solutions division in Vietnam. But this is the first time the company is building a production facility for various types of advanced semiconductor substrates in Vietnam.
“Under the dual-manufacturing strategy, our local facility in Gumi will serve as a mother factory dedicated to developing new technologies and producing new models and high-value products, while the expanded Vietnam facility will function as a mass-production base for general-purpose semiconductor substrates,” the company’s official said.
According to a representative from LG Innotek, Hai Phong was chosen due to its established infrastructure, proximity to businesses specializing in semiconductor packaging and testing, and competitive advantages in production costs.
