Apple supplier Quanta Computer plans to set up a factory in northern Vietnam, the Vietnamese government said.
Quanta Computer, a MacBook contract manufacturer, has signed an agreement with the authorities of Nam Dinh province, 90 km (56 miles) south of Hanoi, to construct the facility at an industrial park there.

The facility, which would be Quanta’s 9th factory globally, would initially cover an area of 22.5 hectares. The new statement did not give its capacity and a time frame for the construction. Local media said on Saturday Quanta would invest $120 million in the factory.

Apple has sold Mac laptops worth $7.735 billion in October-December 2022 vs $10.852 billion in the same period previous year. Total revenue of Apple was $117.154 billion during the October-December quarter of 2022. Apple has a PC marketshare of 7.5 percent in Q1 2023, according to Canalys research.