Mar 25, 2011. Wintek Corp, a Taiwanese maker of panels for Apple Inc. iPhones, plans to invest as much as $f150 million on a new plant in Vietnam to take advantage of lower labor costs in the Southeast Asian country.
The panel maker plans to invest $ 100 million to $ 150 million on the plant in northern Vietnam’s Bac Giang province, Jay Huang, a spokesman for Taichung, Taiwan-based Wintek said by phone today.
Wintek told the Bac Giang Industrial Zones Authority that it will make touch panels for iPhones and iPads, according to Nguyen Van Hien, the authority’s chief administrator. Huang declined to confirm or deny whether the products would be used in the Apple devices.
The Wintek investment will add to the projects of other technology companies in Vietnam including Nokia Oyj, Intel Corp. (INTC) and Canon Inc. Nokia said this month it plans to open a plant with an initial investment of 200 million euros ($ 283 million) at a site near Hanoi to make low-end mobile phones.