Foxconn Subsidiary Shunsin Pours 2.7 Billion Baht into Vietnam’s Thriving IC Market

Reuters reports that Shunsin Technology, a subsidiary of major circuit board maker Foxconn, is applying for a permit to invest $80 million (2,696 million baht) in a factory in Bac Giang province. North Vietnam to carry out integrated circuit production The investment will be $20 million (673 million baht) from the company’s shares and the rest will be raised from other sources. This information comes from documents filed by the company with the Ministry of Environment of Vietnam.

The document also states that construction of the plant will begin in December. Installation of equipment and tools will begin in May 2026, trial production will begin in June. and will begin full production in December 2026 with a production capacity of 4.5 million units per year. It will employ 1,450 people, including 35 foreigners, and all IC products made will be exported to the United States, the European Union and Japan.

Last June, Foxconn Singapore received a license to invest $383 million in a printed circuit board factory in northern Vietnam’s Bac Ninh province. It will have a production rate of 2.79 million pieces per year. And later in July, Foxconn Singapore received a license to invest $551 million (18,564 million baht) for a factory of intelligent entertainment products and intelligent system equipment in Quang Ninh province, northern Vietnam.

Foxconn first invested in Vietnam in 2000 and has invested more than $3.2 billion to date, with most of its factories located in the northern provinces of Bac Ninh and Bac Giang.