South Korea's manufacturing sector sustains an impact from the US-China tech war with the COVID-19 pandemic also disrupting its supply chain operations. In response, South Korean manufacturers have built production bases abroad in recent years.
In particular, those making electronics components, computers, imaging devices and base station equipment are stepping up their investments in Vietnam and India.
Based on DIGITIMES Research's observations, the investments by South Korean manufacturers of electronics components, computers, imaging devices and base station equipment in Vietnam and India are ongoing. Especially, their investments in India have continued to show steady growth since 2019, unaffected by COVID-19, but still cannot compare to those in China and Vietnam.
South Korea's investment in Vietnam exhibited a moderate decline from 2020 through 2021 due to COVID-19 but surged to US$928 million in 2022, soaring 116% from US$430 million in 2021. South Korea's investment in Vietnam was still smaller than its investment in China but it's growing rapidly. The 2022 amount already exceeded the 2019 amount.
Table 1: Samsung factories and R&D centers in Vietnam and India
Table 2: Samsung production capacity deployment in Northern Vietnam
Table 3: Samsung production capacity deployment in Southern Vietnam
Table 4: Samsung Display Bac Ninh plant advancement in OLED panel production
Table 5: Samsung Korean supply chain players' capacity deployment in Vietnam
Table 6: Samsung Korean suppliers near Bac Ninh and Thai Nguyen and products made (1/2)
Table 7: Samsung Korean suppliers near Bac Ninh and Thai Nguyen and products made (2/2)
Table 8: Samsung Korean suppliers in Southeastern Vietnam and products made
Table 9: Samsung activities in Vietnam plants to tighten employment relationship
Chart 4: Number of Samsung local suppliers in Vietnam by tier, 2014-2021 (units)
Table 12: Samsung handset production factories worldwide and outsourced orders, 2020-2026 (m units)
Table 13: Production direction of Samsung products made in India
Chart 5: Samsung memory import from Vietnam and India, 2019-2022 (US$m)
Table 15: Samsung handsets sold in India by made locally or imported from other plants
Table 16: Samsung and Korean suppliers revenues or revenue share from India plants, 2018-2022
Chart 6: Samsung and Korean suppliers share of revenues from Vietnam plants, 2018-2022
Table 17: Samsung TVs sold in India by made locally or imported from other plants
Table 18: Samsung production in Vietnam and India current and future statuses
Table 19: Samsung production in Vietnam and India comparison
