Shanghai, November 16, 2020 /PRNewswire/ -- USI (Shanghai Stock Exchange Code: 601231) held a groundbreaking ceremony for its Vietnam factory on November 14 at Vietnam Dinh Vu Industrial Zone, Hai An District, Hai Phong City, Nguyen Duc Tho, Member of the Hai Phong Municipal Party Committee and Vice Chairman of the Hai Phong People’s Committee, Nguyen Song Quan, Deputy Director of the Hai Phong People’s Assembly, Le Trung Kien, Member of the Hai Phong Municipal Committee and Director of the Hai Phong Economic Zone Administration, Bui Ngoc Hai, Deputy Director of the Hai Phong Economic Zone Administration and Dinh Vu Industry District General Manager Bruno Johan O came to the scene to witness the milestone moment of the opening of the Vietnam factory.
USI Vietnam Factory Groundbreaking
Vietnam Factory Investment Project was reviewed and approved by the Board of Directors of USI Electronics on December 12, 2019, and a wholly-owned subsidiary USI Electronics (Vietnam) Co., Ltd. was established as an operating company. The first phase plan With a total investment of US$200 million, this project is one of the major investment projects in Haiphong City, Vietnam in 2020. The Vietnam factory base has a total area of 65,000 square meters and will be constructed in two phases. It will build an intelligent manufacturing factory based on Industry 4.0 standards.
USI currently has 10 production bases around the world. The Vietnam factory is the company's first production base in Southeast Asia. It is also one of the important projects in the company's "modularization, diversification, and globalization" development strategic layout, which is conducive to the company's undertaking Overseas customer orders and strengthen industrial chain cooperation. In addition, the company can use Vietnam's labor costs, preferential tax policies and regional advantages in investment to enhance product cost competitiveness, consolidate and enhance the industry's market position, and also contribute to the development of local high-tech industries and industrial upgrading, increase employment and economic growth in Vietnam. contribute.
Gui Chunji, director of the Manufacturing Service Department of USI Vietnam Factory, said that the first phase of the factory is expected to be completed in the second quarter of 2021 and officially put into operation in the third quarter. In the initial stage, it will mainly focus on the production and assembly of chips for wearable electronic devices. This project is expected to create more than 1,700 job opportunities for Haiphong City, while cultivating professional talents in the high-end electronic product manufacturing industry, thereby promoting the development of Haiphong City's economy and high-tech industries.
About USI
USI (Shanghai Stock Exchange stock code: 601231, CSI 300 Index constituent stock) is a global leader in electronic design and manufacturing. It leads the industry in the field of SiP (System in Package) modules and is also developing Well-known domestic and foreign brand manufacturers provide D(MS)2 product services: design (Design), manufacturing (Manufacturing), miniaturization (Miniaturization), industry software and hardware solutions (Solutions), and material procurement, logistics and maintenance services (Services) . The products produced by the company cover communications, computers and storage, consumer electronics, industrial and automotive electronics, etc. USI has set up production bases in mainland China, Taiwan, Mexico , Poland and Vietnam, and its sales services cover the Americas, Europe and Asia. USI is a member of ASE Investment Holdings (TWSE: 3711, NYSE: ASX), the world's leading semiconductor packaging and testing manufacturing services company. For more information, please inquire or follow us on LinkedIn and WeChat (Account: USI).
