Meiko Electronics to Invest ¥40 Billion in Vietnam PCB Plant for Next-Generation Samsung Smartphone

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Meiko Electronics plans to invest 40 billion yen (approximately 255 million dollars) to build a new printed circuit board (PCB) manufacturing facility in Vietnam, with production expected to support Samsung Electronics’ latest smartphones designed for generative artificial intelligence applications. Samsung will assemble the smartphones at its existing manufacturing plants in Vietnam.

The new factory will be located in the Quang Minh district near Hanoi, with construction scheduled to begin in fiscal 2026, starting in April. Mass production is planned for fiscal 2027. The facility will have a total floor area of 53,000 square meters, comparable in size to another Meiko plant currently under construction in Vietnam to supply Apple. Meiko aims to generate 30 billion yen in annual sales from the Quang Minh plant by fiscal 2029.

Meiko’s continued expansion in Vietnam underscores the country’s growing importance as a manufacturing hub and an alternative to China for electronics production.

The Quang Minh facility will focus on advanced PCB technologies, including high-density, multilayer boards that stack circuits in three-dimensional structures. Such designs are increasingly required in generative AI-enabled smartphones, which must accommodate a greater number of semiconductors and components within limited space. Meiko has established strengths in 3D PCB stacking technologies.

Earlier, in July, Meiko announced a separate 50 billion yen investment to build another PCB plant in Hoa Binh, near Hanoi, to supply Apple iPhones. Mass production at that facility is expected to begin in the next fiscal year.

Demand for printed circuit boards is projected to rise as electronic devices become more sophisticated. According to projections from Indian research firm Fortune Business, the global PCB market is expected to grow by 50% to reach $113 billion by 2032.