# Luxshare Precision to invest up to CNY 1.7B in Vietnam

Luxshare Precision announced it will invest up to CNY 1.726 billion in Vietnam, including CNY 483 million to build a new subsidiary (Yian Luxshare) and CNY 1.243 billion to expand capacity at its existing Vietnam subsidiary for smart wearable devices.

- Type: Investment
- Announced: 2019-07-11
- Where: Vietnam, Vietnam
- Value: $250.0M (1.73B CNY)
- Status: announced
- Products: smart mobile terminal modules, smart wearable device accessories
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Luxshare Precision Industry](https://endata.com/companies/40559.md)

## Sources

- [cs.com.cn](https://www.cs.com.cn/ssgs/gsxw/201907/t20190711_5967533.html), 2019-07-11: "本次投资旨在充分利用越南人力成本、税收优惠政策及其区位上的相关优势，降低公司生产成本，提升公司竞争力。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.