Taiwan electronics firm Lite-On to invest extra $200 mln in Vietnam to boost capacity

Taiwanese electronics manufacturer Lite-On Technology Corp plans to inject an additional $200 million into its Vietnam subsidiary to expand production capacity, according to a filing with the Taiwan Stock Exchange (TWSE) in late October.

The new capital, to be disbursed in several tranches based on operational needs, will lift Lite-On’s total investment in Vietnam to over $1 billion, marking one of its largest overseas expansions.

Established in 2013, Lite-On Vietnam specializes in the production of electronic circuit boards, as well as the assembly and packaging of printers, scanners, Wi-Fi modules, and other electronic components.

In March, the company broke ground on phase 1 of the Lite-On Quang Ninh plant, located in Song Khoai Industrial Park in the northern province of Quang Ninh.

The $690 million project spans 30 hectares and will manufacture computer electronic components, optical devices, lighting equipment, and communication devices.

Phase 1 is scheduled for completion in November 2025. By 2028, the plant is expected to enter phase 2 operations, boosting its annual capacity to over 95 million units. Full completion is targeted for 2030, with an annual output of 124 million units.

Prior to the Quang Ninh investment, Lite-On had invested $96 million in a project at VSIP Industrial Park in the neighboring city of Hai Phong. In November 2022, the company inaugurated the second phase of its Hai Phong facility, which features advanced smart manufacturing technologies that integrate automation, digitization, big data, AI, and IoT to produce Netcom and consumer electronics products.

In April 2025, Lite-On announced plans to inject another $25 million into its Vietnam operations, suggesting that its total new commitments next year could exceed $900 million.

Lite-On’s accelerated expansion underscores Vietnam’s rising role as a key manufacturing hub amid the global supply chain shift away from China.