Market Chatter: MinebeaMitsumi Expands Cambodia Operations With New Lidar Plant
MinebeaMitsumi (TYO:6479) plans to develop Cambodia into a strategic production hub, using a new plant to export lidar components for autonomous driving systems to the U.S, Nikkei reported Tuesday.The facility in Pursat province has begun partial operations, with output set to rise alongside demand for high-precision sensors, according to the report.The company aims to move beyond a "Thailand plus one" approach, even as border disruptions with Thailand raise logistics costs, the report said.It is seeking alternative suppliers in Vietnam and China, while maintaining stable operations at its Cambodian sites, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)