BOE declined to comment.
North Vietnam has attracted significant investment from electronics giants in recent years, becoming a major center for the production of smartphones, computers and cameras, including major goods from Apple and Samsung.
Hon Hai Precision Industry Co., Ltd. (Foxconn) and China’s Luxshare Precision Industry also plan to assemble or manufacture a number of Apple products in areas such as laptop and tablet computers.
One of the people said BOE plans to rent up to 100 hectares and use 20% for a plant making remote control systems at a cost of $150 million.
The rest will be for demonstration, with BOE spending $250 million to build a plant on 50 hectares, while suppliers will use the remaining 30 hectares by 2025, the person said.
BOE plans to manufacture more sophisticated organic light-emitting diode (OLED) screens at the site instead of liquid-crystal displays (LCDs), the person said.
Apple, which included BOE in its 2021 list of manufacturing partners, uses OLED screens for its latest iPhone smartphones.
China’s biggest display maker by output is set to become the biggest supplier of displays for new iPhones by 2024, analyst Kuo Ming-chi said in a TF International Securities forecast last week.
The US tech giant, however, plans to start making mobile screens in-house by next year, Bloomberg reported on Wednesday.
Apple declined to comment.