Samsung Electronics is apparently planning on expanding the production capacity for its foldable smartphones. The news arrives as the company’s newly launched Galaxy Z Fold3 and Galaxy Z Flip3 handsets see an unexpected demand across the globe.
As per KedGlobal, Samsung Display, the company’s display technology unit, has increased its annual production capacity of foldable panel by 47 percent, marking an increase from 17 million units to 25 million units. The South Korean tech giant is also planning on expanding its Bac Ninh plant in Vietnam in the second half of this year. This site will seek to reach full operation scale by the end of this year or early next year.
Furthermore, experts believe that after the company’s expansion plans are completed, the brand will be producing 10 million units of Galaxy Z Fold3 and and 15 million units of Galaxy Z Flip3 models a year. For those unaware, Samsung aims on raising production since the demand for its new foldable smartphones was higher than initially expected. Notably, its third generation of foldable phones saw about 920,000 pre orders in South Korea, which is around 1.8 times more than even its newly launched Galaxy S21 flagship smartphone.
Sources also added that the pre orders in the US even surpassed the brand’s second generation foldable phone sales in the country between the months January and July 2021. The source further stated that “Samsung’s factories that make foldable devices are already operating at full capacity. Samsung has no option but to expand its facilities. It will likely add three more production lines to its current seven, which will allow the company to manage the production volume more flexibly.”
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