Foxconn Invests $551M in Vietnam for Smart Tech Production

Foxconn Invests $551M in Vietnam for Smart Tech Production

Foxconn is expanding its presence in Vietnam with a significant investment of $551 million (approximately 4.013 billion Yuan) across two new projects in northern Vietnam’s Quang Ninh Province. These ventures are planned for completion by July 2026 and will be centered on the production of smart technology.

Smart Entertainment Products and System Equipment

The first project, based in Song Khoai Amata Industrial Park, involves an investment of $263.7 million (around 1.92 billion Yuan). This facility will focus on manufacturing smart entertainment products, with an anticipated annual output of 4.18 million units.

The second project is located in Bac Tien Phong Industrial Park and comes with an investment of $287.2 million (approximately 2.092 billion Yuan). Covering an area of 12.4 hectares, this facility will produce intelligent system equipment. After a period dedicated to machinery installation and testing, official production is projected to commence in May 2027.

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