Vivo Technology Company

Haillu Hang, the CEO of this company in Turkey, which has entered the market with a $20 million investment, stated: "Despite having recently entered the Turkish market, we have captured about 4% of the market share in this sector. We aim to increase it to 10%." He mentioned that they currently have plans for expansion in the Turkish market, adding: "One of our goals is to expand our share in African and European markets over the next five years. As our market share in Turkey increases, the investment in this country will also rise." Hang highlighted that the young demographic was one of the main reasons for the company's investment in Turkey, saying: "In 2020, nearly 12 million mobile phones were sold in Turkey. Our factory in Gebze has approximately 12,000 square meters of indoor space and a production capacity of 5 million phones. With the investments made, we will create job opportunities for 2,000 people in the long term. Currently, we have plans to increase the workforce from 250 to a larger number by the end of the year." Hasan-Jan Yitik, Human Resources Manager of Vivo in Turkey, said: "We see Turkey as a shining star of technology in Europe. The country has a young and curious population in this field. The attention of well-known global brands to Turkey also confirms this." Anatoli