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Category: Electronics

Retail News Asia is committed to providing both local and global retailers with the latest Electronics news throughout the Asian market. This on a daily base.

  • Apple files patent application for a third-generation Apple Pencil

    Apple files patent application for a third-generation Apple Pencil

    The late Steve Jobs introduced the touchscreen Apple iPhone in January 2007 by famously saying, “Who wants a stylus? You have to get them and put them away and you lose them. Yuck! Nobody wants a stylus.” But in 2015, the Apple Pencil was unveiled for the iPad Pro. Of course, the Apple Pencil is much more advanced than the simple stylus that Jobs was familiar with back in the day. Three years later, Apple’s second-generation Pencil was announced.

    And now Apple appears ready to take its digital writing instrument to another level. According to Patently Apple, the company recently filed patent application number US 20220413636 A1 with the US Patent & Trademark Office for an optical sensor that would be used with the next-generation Apple Pencil. The sensor would allow the pencil to copy the texture and the color found on the surface of an item. It also would be able to wirelessly send this data to a laptop so it could be used with a drawing program.

    According to the patent application, the pencil would contain a light sensor and a light emitter which would help the device “sample” the color and texture of a surface. Yanko Design created some renders showing what the Apple Pencil would look like with the optical sensors included in the design of the new digital stylus.
    Apple has applied for or received a patent for other ideas and innovations related to the Apple Pencil. In 2021, it received a patent for an Apple Pencil with interchangeable nibs (the writing tip on the end of the accessory). The nib can be changed to replace one that is worn down, or could be changed to change the capabilities of the nib based on “a color, a shape, a thickness, a size, a brightness, or an opacity.” While you can currently replace a worn-out tip, it doesn’t add any new features to the accessory.
    Nearly three years ago, Apple filed a patent application for an Apple Pencil with a biometric security feature, a method to use the number of times the pencil is tapped on the screen as  an input that could be used to initiate a copy function, a paste function, an undo function, and/or a redo function.” Other possible additions to the Apple Pencil that we’ve seen mentioned in a patent application include “a speaker, a rotary input device, a microphone, an on/off button, a mute button, a biometric sensor, a camera, a force and/or touch-sensitive trackpad, and so on.”
    If we do see a new Apple Pencil, it might not be until the 2024 iPad Pro is introduced, which could be the first iPad to sport an OLED display. When you think about it, that might be the perfect time to offer a new digital stylus with the ability to sample colors and textures lifted by the pencil, and include features such as a microphone and a camera.
    Just because you see something in a patent application or even a patent, it doesn’t mean you should expect it to be used in a consumer device right away. In fact, of the large number of patents that Apple receives every year,  many are never used. So we can’t say for certain that the technology covered in a patent application or a patent will be used by the company. However, it does make sense that Apple would want to keep improving the capabilities of the Apple Pencil.
    In 2021, a tipster shared a video of what he claimed was the third-gen Apple Pencil and it showed a glossy body with a magnetic flat edge for charging. A new Apple Pencil would be expected to offer longer battery life and improvements in latency and precision.
  • Qualcomm uses innovation to break through limits

    Qualcomm uses innovation to break through limits

    Researching and developing technologies, doing things no one has thought of is the focus of Qualcomm’s innovation strategy, according to Dr. Tran My An, Vice President of Engineering.

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  • Apple stock plunges the most since the financial crisis on iPhone production woes

    Apple stock plunges the most since the financial crisis on iPhone production woes

    While production lead times of the iPhone 14 Pro models have started to normalize after the pandemic lockdown scare that prevented Foxconn from assembling enough units to meet demand not long ago, the iPhone 14 series production schedule and sales as a whole are not where investors would want them to be.

    As a result, Apple’s stock took another nosedive and is now down 12.4% just in the month of December alone. Not only that, but juggernauts like Apple and Tesla are now sharing the unenviable position of experiencing some of their worst stock plunges ever. For Tesla, that’s the biggest drop on record, while for Apple’s stock this year will mark the biggest plunge since the 2008 financial crisis and the subsequent freefall in stock indexes.

    Apple is on the verge of closing below $130 a share, erasing all gains accumulated since mid-2021, while for the whole 2022 its stock has dropped a whopping 27%. The Federal Reserve’s interest rate rise push has something to do with it, of course, as it sent investors scouring for safe havens and out of riskier bets like tech stocks, resulting in a nearly 34% drop of the Nasdaq this year.

    Still, last quarter Apple grabbed the jaw-dropping 42% of the global phone revenue and while the last quarter of the year may be negatively affected by the COVID surge in China after the country’s reopening, its revenue may very well hit record again, riding on the higher average selling price of its iPhone 14 series which is heavily skewed in favor of the more expensive iPhone 14 Pro and iPhone 14 Pro Max models.
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  • Samsung opens its largest regional R&D center in Vietnam

    Samsung opens its largest regional R&D center in Vietnam

    The US$220-million Samsung R&D Center in Hanoi, the Korean conglomerate’s biggest research facility in Southeast Asia, was inaugurated Friday.

    The company said at the opening ceremony, with the new facility, Vietnam has now gone beyond its role as a global production hub for Samsung and become a strategic base for major research and development.

    Construction of the 16-story facility began in March 2020.

    Prime Minister Pham Minh Chinh said at the event that Samsung’s opening of the R&D Center in Vietnam is a testament to its orientation and commitment to long-term operation in Vietnam.sam

    “Samsung is the largest foreign investor in Vietnam with total registered investment of nearly $20 billion.”

    He added that its effective operation has made important contributions to Vietnam in terms of exports, jobs and taxes.

    Tae-Moon Roh, Samsung Electronics president, hoped the center would nurture the best Vietnamese talent.

    Samsung established its first smartphone factory in Vietnam in 2008 and has invested $18.2 billion so far. The figure could rise to $20 billion by the end of this year.

    Around half of all Samsung smartphones are made in Vietnam.

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  • France fines Microsoft $64M over advertising cookies

    France fines Microsoft $64M over advertising cookies

    France’s privacy watchdog said Thursday it has fined US tech giant Microsoft 60 million euros ($64 million) for foisting advertising cookies on users.

    In the largest fine imposed in 2022, the National Commission for Technology and Freedoms (CNIL) said Microsoft’s search engine Bing had not set up a system allowing users to refuse cookies as simply as accepting them.

    The French regulator said that after investigations it found that “when users visited this site, cookies were deposited on their terminal without their consent, while these cookies were used, among others, for advertising purposes.”

    It also “observed that there was no button allowing to refuse the deposit of cookies as easily as accepting it.”

    The CNIL said the fine was justified in part because of the profits the company made from advertising profits indirectly generated from the data collected via cookies — tiny data files that track online browsing.

    Bing offered a button for the user to immediately accept all cookies, but two clicks were need to refuse them, it said.

    The company has been given three months to rectify the issue, with a potential further penalty of 60,000 euros per day overdue.

    The fine was issued to Microsoft Ireland, where the company has its European base.

    In a statement Microsoft said that it had “introduced key changes to our cookie practices even before this investigation started.”

    “We continue to respectfully be concerned with the CNIL’s position on advertising fraud,” it said, adding that it believes the French watchdog’s “position will harm French individuals and businesses.”

    Cookie control

    Cookies are installed on a user’s computer when they visit a website, allowing web browsers to save information about their session.

    They are hugely valuable for tech platforms as ways to personalise advertising — the primary source of revenue for the likes of Facebook and Google.

    But privacy advocates have long pushed back.

    Since the European Union passed a 2018 law on personal data, internet companies have faced stricter rules that oblige them to seek consent from users before installing cookies.

    Last year, the CNIL said it would carry out a year of checks against sites not following the rules on using web cookies.

    Google and Facebook were sanctioned by the French regulator with fines of 150 million and 60 million euros respectively for similar breaches around their use of cookies.

    The two firms also face scrutiny over their practice of sending the personal data of EU residents to servers in the United States.

    And tech giants continue to face a slew of cases across Europe.

    Earlier this month, Europe’s data watchdog imposed binding decisions concerning the treatment of personal data by Meta, the owner of Facebook, Instagram and WhatsApp.

    The European Data Protection Supervisor said in a statement that the rulings concerned Meta’s use of data for targeted advertising, but did not give details of its ruling or recommended fines.

    The latest case follows complaints by privacy campaigning group Noyb that Meta’s three apps fail to meet Europe’s strict rules on data protection.

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  • Microsoft Surface tablet that iPad aspires to be when it grows up is a whopping $412 off

    Microsoft Surface tablet that iPad aspires to be when it grows up is a whopping $412 off

    We have almost made it to the end of the year and surely deserve to treat ourselves to a little something with a lot of power. The Microsoft Surface Pro 8 is one device that fits this description and the best part is that it’s currently on sale.
    The Surface Pro 8 is a versatile portable device that easily morphs from a tablet to a laptop. It is very lightweight, ultraportable, and sturdy, and sports a 13-inch screen with a fluid refresh rate of 120Hz. The screen has a tall aspect ratio so there is more vertical room for viewing articles and working on text documents. There is also a kickstand for multiangle viewing.

    The Intel 11th Gen Intel Core i5-1135G7 processor powers the variant that Amazon has discounted. It provides ample performance for everyday tasks, including moderately heavy workloads, so it’s easy to recommend to students and professionals.

    There are two USB-C ports with support for USB4 and Thunderbolt 4, ensuring fast data transfer rates.
    Microsoft promises a battery life of 16 hours, and while it may not last this long for everyone, it will easily get you through a whole workday. The tablet’s cameras and microphone are also impressive and the device also has the Windows Hello facial recognition system.

    What makes the Surface Pro 8 special is that it comes from a company that has a long history of making productivity-centric devices. Microsoft has successfully taken the best bits from laptop and tablet form factors for the ultimate portable experience, giving the Surface Pro 8 an edge over other top 2022 tablets.

    The Core i5 model with 8GB of RAM and 256GB of storage has been marked down by 34 percent, meaning you can currently get it for $787.99 instead of $1,199.99.
    That’s a seriously chunky discount for a modern-looking standalone productivity machine with a beautiful screen and promising battery life. This deal has been going on for a while and other variants have already sold out, so get this model while you can.
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  • Samsung releases new Star Wars accessories

    Samsung releases new Star Wars accessories

    At this point, the Samsung Galaxy Z Flip 4 is just as much a foldable smartphone as it is a fashion accessory. For the most part, this is the result of the Korean tech giant’s persistent efforts to consolidate the latter’s status as one through extensive collaborations with many different brands.

    This time around the clamshell foldable will be receiving a Star Wars treatment in the form of a number of exclusive accessories. Today, Samsung launched a Star Wars Bundle Pack consisting of a Ring Case and a strap for the Galaxy Z Flip 4, in addition to a Star Wars case and band for the Galaxy Watch (4 or 5), and a Star Wars case and strap for the Galaxy Buds 2 Pro.

    The entire bundle costs $149.99 and is available at Samsung’s official online store. Each item can be purchased independently, however. It should be noted that this is just the latest in a series of exclusive accessories that Samsung has debuted this year.

    We have already seen Pokémon-themed merchandise and a fair share of other less-prominent collaborations. It should be noted that this is not nearly as ambitious as the company’s limited edition bundles.

    For reference, they always feature the device itself, sometimes with a unique design tweak, and are much more expensive. The bundles are also most often available for a limited time only and seldom make it out of South Korea.

    A notable exception to the general rule outlined above is Samsung’s recent collaboration with Maison Margiela. The Galaxy Z Flip 4 Maison Margiela edition has been released internationally and is still available.

    These Star Wars accessories are much more accessible in comparison and make the perfect present for a Samsung user who is also a fan of the cult classic.

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  • Vietnam to become one of Apple’s main manufacturing hubs

    Vietnam to become one of Apple’s main manufacturing hubs

    India, Vietnam and Brazil could account for as much as 30% of Apple supplier’s Foxconn production in upcoming years as Apple seeks to diversify its supply chain out of China.

    Key electronics manufacturers are moving faster to diversify their capacity globally, taking advantage of local incentive policies, according to Counterpoint Research analysts Ivan Lam and Shenghao Bai as cited.

    “Led by Foxconn and Pegatron, companies have already invested in factories, production lines, relatively advanced manufacturing processes, and personnel training in India,” they wrote.

    The country’s vast population and high birth rate make it an attractive market for end-products as well as a manufacturing base, while Vietnam’s workforce offers lower labor costs than in China, they added.

    According to the report, Vietnam has attracted 21 Apple suppliers to operate in the country, though it lacks the ability to produce the all-important iPhone handset.

    Apple has reportedly tapped its top supplier, Taiwan’s Foxconn, to start making MacBooks in Vietnam as early as around May next year.

    The company has been working on plans to move some MacBook manufacturing to Vietnam for nearly two years, and has set up a test production line in the country.

    Vietnam will make 65% of Apple wireless AirPods by 2025 as the U.S. tech giant continues to shift its production away from China, JP Morgan analysts have forecast.

    The country would also reportedly account for 20% of iPad and Apple Watch output and 5% of MacBook.

    Foxconn, a key supplier, in August leased 50.5 hectares of land in Bac Giang Province and plans to build a $300-million factory there, employing 30,000 workers.

  • Apple to start MacBook production in Vietnam next year

    Apple to start MacBook production in Vietnam next year

    Apple’s MacBooks are set to be produced in Vietnam starting next year for the first time, the latest of several Apple products that will be shifted to the country.

    Apple has tapped its top supplier, Taiwan’s Foxconn, to start making the laptops in Vietnam as early as around May, sources said.

    “After the MacBook production shifts, all of Apple’s flagship products basically will have one more production location beyond China … iPhones in India and MacBooks, the Apple Watch and iPads in Vietnam,” one person with direct knowledge of the matter said.

    “What Apple wants now is an ‘out of China’ option for at least part of production for all of its products.”

    The company has been working on plans to move some MacBook manufacturing to Vietnam for nearly two years, and has set up a test production line in the country, the Japanese news outlet reported earlier.

    Vietnam will make 65% of Apple wireless AirPods by 2025 as the U.S. tech giant continues to shift its production away from China, JP Morgan analysts have forecast.

    The country would also reportedly account for 20% of iPad and Apple Watch output and 5% of MacBook.

    Foxconn, a key supplier, in August leased 50.5 hectares of land in Bac Giang Province and plans to build a $300-million factory there, employing 30,000 workers.

    Vietnam has been one of the fastest growing markets for Apple products this year, with especially high demand for iPhones.

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  • Apple still reluctant to introduce iMessage interoperability

    Apple still reluctant to introduce iMessage interoperability

    Few things are as dreadful to an Apple user as the green bubbles that appear when their messages hit a non-iPhone recipient. The lack of iMessage interoperability has been a pet peeve for quite some time, with Apple refusing to cave into the demands of users.

    Nevertheless, even as the Cupertino company is forced to make concessions in the face of mounting legislation, cross-platform support for iMessage remains unlikely in the foreseeable future. For now, Apple will not be integrating RCS, the standard which could potentially enable interoperability.

    This information was first brought forward by Bloomberg in a dedicated article, which was subsequently. The original source stipulates that Apple has not decided on how to open up iMessage to third-party services.

    Love it or hate, however, the Apple ecosystem works. Well, maybe not for all Apple consumers, but rather for the Cupertino company itself. The figurative ‘bubble’ (pun intended) in which most users are placed tends to be one of the most significant sources of revenue for the American tech giant.

    But so is Europe, and the EU in particular. But the latter has found ways to challenge some of Apple’s business strategies. Earlier this year, a law was passed which threatens the proprietary Lightning port. If Apple does not comply, and fails to transition to USB-C, the iPhone might be kicked out of the European market.

    But hardware is only one part of Apple’s monopoly over its users. A much more disconcerting aspect is the software side of the equation as demonstrated by the iMessage conundrum.

    Luckily, legislators throughout the world are working on that front as well. According to the original report by Bloomberg, Apple has committed to allowing third-party app stores to function alongside its own App Store. Whether that is only the beginning remains to be seen.

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  • Apple, Ericsson kiss and make up while signing a new licensing deal

    Apple, Ericsson kiss and make up while signing a new licensing deal

    Apple and Ericsson have agreed to settle a patent battle between the two which started in 2015 when both companies sued each other claiming that they each had patents infringed on by the other. Also part of the legal issues were disagreements that both sides had relating to licensing their 2G, 3G, and 4G technologies.

    Both companies buried the hatchet, and peace reigned until October 2021 when Ericsson sued Apple over 5G patent licensing. Two months later, Apple sued Ericsson and accused the networking and telecom firm of using “strong-arm tactics” to renew licensing over expired patents.

    Today’s deal means that Apple and Ericsson shook hands, ending a legal fight over royalty payments for using 5G wireless patents in the iPhone. Ericsson said that the settlement includes granting a global patent license to Apple and global cross-licenses for standard-essential cellular technology patents. Standard-essential patents are required in order for a licensee to meet certain industry standards and as a result, they are licensed using royalty terms that are Fair, Reasonable, And Non-Discriminatory (FRAND).
    In a statement, Ericsson said, “The settlement ends all ongoing patent-related legal disputes between the parties.” The battle between Apple and Ericsson intensified when negotiations on a new seven-year licensing contract covering telecom patents broke down. But that is all in the past after today’s announcement and Ericsson noted that the settlement will “strengthen their technology and business collaboration,” meaning, of course, partnerships between Apple and Ericsson.

    If you’re wondering how Apple ended up owning some intellectual property related to mobile wireless modems, you might recall that during the summer of 2019 the company purchased Intel’s modem business for $1 billion. The transaction gave Apple ownership of some industry standard-essential patents.

    Including the effects of the settlement with Apple, Ericsson forecasts fourth-quarter intellectual property rights (IPR) licensing revenues of $530.3 million-$578.5 million. Besides today’s agreement with Apple, that figure includes intellectual property rights with other licensees.
    You may have experienced some deja-vu when reading this news because it might have reminded you of the last-minute settlement Apple and Qualcomm signed off on back in 2019 just as opening arguments were wrapping up for a trial between the two tech giants. Apple paid Qualcomm a chunk of cash and both firms agreed to a six-year licensing agreement with a two-year option. And both sides signed a multi-year chipset supply contract.
    Apple has been working on its own modem chips which were expected to debut in next year’s iPhone 15 line. But issues surrounding two patents owned by Qualcomm mean that the latter will continue to supply the vast majority of iPhone 15 handsets with the important component. Had Apple been able to use its own modem chip, Qualcomm’s share of modem chips used on the iPhone 15 series would have been reduced to 20%.
    But this goes to show how important licensing intellectual property is to Apple, even when it plans on producing its own modem chip. Certain key technologies could be covered by patents and licensing them, even when dealing with the complex licensing arrangements that Qualcomm demands (remember, “no license, no chips”) can make or break a big project. Even a company like Apple can be stymied by a patent.
    Eventually, Apple and Qualcomm will reach an agreement, or Apple will figure out a way to design its modem chips without having to license certain patents from Qualcomm. But for now, it is Qualcomm’s modems that you’ll find inside the iPhone including 2023’s iPhone 15 family.
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  • Foxconn investing in other countries helps Apple diversify iPhone production out of China

    Foxconn investing in other countries helps Apple diversify iPhone production out of China

    Apple would love to diversify iPhone production out of China. Not only is Apple concerned about the region in terms of geopolitics, it is also worried about the Chinese government doing things like cracking down on COVID like it did last month in Zhengzhou where contract manufacturer Foxconn has its largest iPhone factory. As a result, workers started leaving the campus forcing Apple to admit that consumers will face a delay in receiving ordered iPhone 14 Pro and iPhone 14 Pro Max models now through the beginning of next year.
    At the beginning of this month, China started to relax its COVID crackdown and Foxconn says that it will soon allow workers at the Zhengzhou facility to return to their rental apartments just outside the campus. During the crackdown, Foxconn refused to allow workers on campus to eat in the company dining room and forced them to consume their meals inside their dorms.
    Apple can’t just pick up iPhone production and move it to another country. It needs to find an area where factories can be built, qualified workers can be found, and suppliers are nearby to deliver components in the quantity and quality that Apple needs. One country where Foxconn already builds certain iPhone models is India. Originally, Foxconn built older iPhone models in the country to avoid an import tax on units shipped into the country.
    Foxconn has been producing the iPhone 14 in India and wants to assemble more current models, some for global distribution. Last month, Foxconn announced that it was planning to increase the headcount at its Indian factory from 17,000 to 70,000 over the next two years.
    Foxconn has invested $500 million in its Indian subsidiary. The company was able to inject the cash into Foxconn Hon Hai Technology India Mega Development Private Limited from its Foxconn Singapore Pte Ltd. unit.

    Apple has to be concerned. With production in Zhengzhou using just 20% of its manufacturing capacity in November (says TF International’s reliable analyst Ming-Chi Kuo), the iPhone 14 Pro series is going to be in short supply this month and into January. That’s not good, especially when you’re in the holiday shopping season. This month, Kuo expects Foxconn to utilize 30% to 40% of its iPhone 14 Pro production capacity in Zhengzhou. That’s better, but still far from normal.

    Besides investing in India, back in August Foxconn agreed to sink $300,000 into a plant in Vietnam that will expand production there. Vietnam is another country, besides India, that Apple has reportedly considered as a replacement for China.
    Apple is getting more aggressive with its plans to move out of China completely. The article mentioned a couple of countries that we’ve discussed often as possible landing places for iPhone production (and we even mentioned the pair in this article), India and Vietnam.
    Foxconn appears to be spreading its investments all over the place. Last week it spent $58.98 million on an investment in the Czech Republic. That is where the manufacturer makes smartphones, displays, and cloud servers. Foxconn also has research and development centers in that region. At the same time, Foxconn put $142 million into its unit in Taiyuan, China which it considers a long-term investment.

    Apple is already moving some chip production from Taiwan to TSMC’s U.S. fabs in Arizona. One facility will produce 4nm chips starting in 2024 while the second plant will go online in 2026 and churn out 3nm chipsets. Apple CEO Tim Cook spoke during a TSMC press conference held in Arizona last week and confirmed that Apple plans on buying chips made in the U.S.A. by TSMC.

    Apple is hoping that in five years, its supply chain looks a lot different than it does now.
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  • South Korean TV brands dominate Vietnam market

    South Korean TV brands dominate Vietnam market

    South Korean TV manufacturers Samsung and LG account for more than 50% of Vietnam’s market share, ranking first and third place respectively.

    Samsung leads with a 35-40.5% market share each month between October last year and this year, according to Thanh Nien newspaper quoted a report by German market research company GfK.

    Japan’s Sony followed at 15-19.8%, and South Korea’s LG came in the third place at 14.1-16.1%.

    Chinese brand TCL came in fourth place, followed by Thailand’s Casper, China’s Mi and CooCaa.

    Market analysts have said that Samsung and LG in recent years have gradually been gaining the trust of Vietnamese users who traditionally favor Sony.

    Other Japanese brands, such as Panasonic, Toshiba and Sharp, have been struggling to compete in the TV segment in Vietnam and have stopped assembling their TVs in the country.

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  • Smartphone exports drop in November

    Smartphone exports drop in November

    Smartphone exports fell nearly 10% in volume and 7.4% in value in November after the country’s largest manufacturer, Samsung Vietnam, lowered production the second time this year.

    According to the General Statistics Office, Vietnam produced 20.6 million phones in November, and export of phones and phone components were worth $5 billion. This is the third straight month the export value of phones and components has dropped.

    Smartphone production in the first 11 months decreased by over 7% year-on-year. Most of the smartphones produced in Vietnam are exported to the western market.

    Normally, phone output increases before Christmas but it has dropped this year because inflation pressures have prompted companies to limit production.

    Of the total smartphones output in Vietnam, Samsung Vietnam contributes a half. The tech giant recorded an export turnover of over $34 billion in the first half of this year, accounting for more than 18% of the country’s total.

    Samsung Vietnam has reduced smartphone production twice this year, the first time in the first half of the year over Covid-19 impacts and the second early November.

    Vietnam recorded a total export turnover of $342.21 billion in the first 11 months, while import turnover was $331.61 billion, resulting in a trade surplus of $0.78 billion, according to the General Statistics Office. The surplus in the same period last year was $0.6 billion.

  • Samsung to increase Vietnam investment to $20B

    Samsung to increase Vietnam investment to $20B

    South Korean electronics giant Samsung announced plans Tuesday to increase its investment in Vietnam from $18 billion to $20 billion.

    “Samsung has clear goals to implement projects in Vietnam effectively. We want to invest in developing new, young human resources, and promote research in artificial intelligence and big data, ” Samsung Electronics vice chairman and CEO Han Jong-hee said while meeting with visiting Vietnamese President Nguyen Xuan Phuc in Seoul on Tuesday.

    Phuc encouraged Samsung to continue investing in auxiliary industries and smart technology, with a goal of building research and development centers in Vietnam.

    Samsung’s new Research and Development Center in Vietnam has been completed and will soon come into operation, focusing on research on phones, computers, and network systems, Vietnam News Agency quoted Han as saying.

    In upcoming big fairs, Samsung will exhibit leading hi-tech products and solutions, and if there are partners, the firm will manufacture them in Vietnam, he said.

    Samsung Electronics Vietnam reported export turnovers of $65.5 billion in 2021, helping turn Vietnam into a global smartphone manufacturing hub.

    The Vietnamese president also met Tuesday with Hyosung chairman Cho Hyun Joon, who said the South Korean industrial group has invested $3.5 billion in Vietnam.

    Then Phuc met with New Korea Development Bank (KDB) chairman Kang Seog Hoon, who said the South Korean lender will soon launch new financial services in Vietnam as part of its expansion into its Southeast Asian neighbors.

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