Foxconn Bac Giang is expanding its investment with a new chip manufacturing factory project, totaling 80 million USD in capital. The factory is expected to commence operations in December 2026, with a production capacity of 4.5 million products per year, creating employment for over 1,450 workers.
Foxconn Continues to Invest 80 Million USD in Chip Manufacturing Factory in Vietnam
According to multiple sources, Shunsin Technology Vietnam Co., Ltd., a subsidiary of Foxconn, is planning to invest an additional 80 million USD (equivalent to over 2,000 billion VND) to build a factory in Bac Giang. The project will be developed at the Quang Chau Industrial Park, covering an area of 44,343.8 square meters, with the primary goal of producing and processing electronic components, aiming for a production capacity of 4.5 million products per year. This includes an integrated circuit (chip) production capacity of 4.41 million units per year and an integrated circuit processing capacity of approximately 90,000 units per year. All products will be 100% exported to major markets such as the EU, the United States, and Japan.
Shunsin is expected to complete the procedures for obtaining a construction permit by December 2024 and finish construction and equipment installation by May 2026. According to the plan, the factory will begin trial operations in June 2026 and officially commence operations in December 2026, creating jobs for over 1,450 workers.
High Expectations for Foxconn’s High-Tech Factory in Bac Giang
Shunsin has committed to using closed-loop technology and highly automated production lines to increase labor productivity, minimize operational costs, and meet international quality standards. This project represents a significant highlight in Bac Giang’s strategy to attract high-tech projects, supporting the province’s goal to become a modern and sustainable manufacturing hub and making substantial contributions to both the regional and national economy.
Foxconn’s production lines are highly automated
Investing in Vietnam is part of Foxconn’s strategy to diversify production and mitigate risks following U.S.-China trade tensions. Foxconn began investing in Vietnam in 2007, establishing factories in provinces like Bac Giang, Bac Ninh, and Quang Ninh. These factories not only strengthen Foxconn’s position in the Southeast Asian market but also contribute to Vietnam’s role as a crucial link in the global technology supply chain. The Foxconn Bac Giang factory project, set to open in 2026, is expected to attract further investments from major corporations, especially as Vietnam benefits from free trade agreements and competitive investment incentives.
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