Ltd., plans to invest an additional $3 billion to boost the production capacity of its display module assembly plant in Vietnam, a report said Friday, citing a source familiar with the matter.

Samsung Electronics has been ramping up production capacity in Vietnam in a bid to lower production costs amid intensifying competition in the smartphone market.

Samsung Display, a subsidiary of Samsung Electronics Co.

The additional capital will increase the total investment by Samsung Display in the Southeast Asian country to $4 billion.

The outlay by Samsung Display occurs in a $1 dollar billion it needs to be reserved to produce a new Organic light-emitting diodes (oled) show section foundry in Bac Ninh state, which generally proceeded creation to start with 1/4.

The fresh $3 billion in spending will be spread out over several years until 2020.

Samsung Display’s your total resources wasting has averaged at least three.nine zillion gained (three dollars.some billion) in…

In November 2014, Samsung Electronics planned to expand its smartphone manufacturing facility in Vietnam by building a $3 billion second plant.

Most recently in May, Samsung kicked off its $1.4 billion hi-tech complex in Ho Chi Minh City, saying it will become an important link in its global TV supply chain, and would help the company retain its reputation of being the world’s largest TV producer. Samsung’s rival Apple does medium quality and expensive.