Zhitong Finance App News, Taijing Technology (603738.SH) announced that the company plans to establish a wholly-owned subsidiary Vietnam Tyco Electronics Co., Ltd. and build a production base in Vietnam, with a total investment of no more than 40 million US dollars, all from the company's own domestic capital. The investment funds are mainly used to establish and operate overseas companies, purchase land and plants, plant construction, equipment procurement, and working capital.

The company's investment aims to rely on Vietnam's local location advantages, optimize global production capacity layout, enhance supply chain resilience and customer response efficiency, enhance the company's cooperation and exchange with international markets and overseas business expansion, and enhance the company's future ability to cope with international trade risks and comprehensive long-term competitiveness in the international crystal oscillator market by building a global manufacturing and service system.

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