In an exciting leap forward, Foxconn Singapore has clinched a significant investment deal, securing a license to pour a whopping $383 million into a cutting-edge factory in Vietnam. This high-tech plant, set to rise in the northern province of Bac Ninh, will be a powerhouse of productivity, churning out an impressive 2.79 million printed circuit boards each year, according to Cong Thuong newspaper.
Taiwan’s Foxconn, renowned globally as the titan of contract electronics manufacturing and assembly, has yet to comment on this groundbreaking development. The company’s deep-rooted presence in Vietnam is well-documented, with investments soaring past the $3.2 billion mark since their initial foray into the Southeast Asian nation in the early 2000s. Their manufacturing empire spans the northern regions, notably Bac Ninh and Bac Giang, where the hum of innovation never ceases.
Adding to the momentum, just earlier this month, Vietnamese state media revealed another feather in Foxconn’s capacity: the production of 5G AirScale equipment for Finnish company, Nokia, in Bac Giang. This move underscores Foxconn’s pivotal role in driving Vietnam’s burgeoning tech landscape and solidifies its status as a cornerstone of the global electronics supply chain.
As the ink dries on this latest deal, all eyes are on Foxconn’s next steps, eagerly anticipating the innovations and advancements this new factory will bring to the world of printed circuit boards. With each strategic investment, Foxconn continues to weave itself into the fabric of Vietnam’s economic and technological progress, setting the stage for a future brimming with potential and opportunity.
(Source: Cong Thuong | The Investor)
