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Appeared on: Thursday, July 3, 2014
Samsung Display to Invest In New Plant

Samsung SDI, a subsidiary of Samsung Electronics, said on Thursday it received approval to build a $1 billion display module assembly plant in Vietnam.

The plant, to be built in Bac Ninh province, will start operations in 2015.

Samsung SDI is a supplier of displays for Samsung Electronics's obile devices. The new plant will allow the comany to lower production costs, as Chinese rivals like Huawei Technologies and Lenovo are mounting a strong challenge in mid-to-low tier products.

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