The Panasonic corporation announced Thursday it will build a plant in Vietnam to produce multilayer resin boards used in smartphones and mobile terminals.
The new production facility will be located on the premises of Panasonic Electronic Devices Vietnam at the Thang Long Industrial Park in Hanoi.
Production at the plant is expected to reach 3.5 million units per month by August 2012, bringing Panasonic's total overseas production capacity to 9.5 million units per month, almost six times the level of the last fiscal year, the company said in a statement.
It did not mention how much it will cost to build the plant. The Vietnam News Agency reported the investment could be around US$210 million.
Smartphones contain a great number of components which are mounted on printed circuit boards. ALIVH, or Any Layer Interstitial Via Hole, is a multilayer resin board developed and commercialized by Panasonic.
Panasonic has said it positions ALIVH boards as one of its key businesses, adding that the technology is "indispensable" in the evolution of smartphones and other high-functionality mobile terminals.
The company is currently manufacturing the boards in Taiwan.