Foxconn Invests $80 Million in Vietnam Plant

Foxconn's subsidiary, Shunsin Technology, is set to invest $80 million to establish a factory in Bac Giang province, Vietnam, aimed at producing integrated circuits. The facility is expected to be operational by December 2026, with a production target of 4.5 million units annually, primarily for export to the United States, European Union, and Japan. This investment follows Foxconn's earlier commitment of $383 million for a printed circuit board factory in Vietnam, reflecting its ongoing strategy to expand its operations in the region. The project will cover 4.4 hectares in Quang Chau Industrial Park and will require approximately 1,450 workers, including 35 foreign experts. Shunsin plans to utilize a closed production system already in use at its Chinese factories to ensure efficiency and safety. Overall, Foxconn has invested over $3.2 billion in Vietnam since its entry in the early 2000s.