Foxconn pours additional $58.3 mln into northern Vietnam unit

Taiwan’s Hon Hai Precision (Foxconn), a key electronics supplier to Apple, said it will invest an additional $58.32 million in its Vietnamese subsidiary, Fushan Technology (Vietnam), according to a filing to the Taiwan Stock Exchange.

Foxconn’s unit Chief Expertise Limited will implement the investment, bringing Foxconn’s total investment in Fushan Technology (Vietnam) to $226.29 million while maintaining 100% ownership.

The move is aimed at “long-term investment.” However, the filing did not specify which items the funds would be allocated to.

Before the latest capital hike, Fushan Technology (Vietnam), located at VSIP Bac Ninh Industrial Park in the northern province of Bac Ninh, had been featured in an expansion plan in late 2025.

According to an environmental impact assessment filing for the expansion of its Bac Ninh plant, Fushan Technology (Vietnam) said it plans to install additional production lines to add products such as Xbox gaming devices, electronic components and chargers for smart ring wearables, while lifting smartphone capacity by 30 million units a year to 140 million units annually.

The document also shows the facility would produce up to 100,000 unmanned aerial vehicles (UAVs) each year, with full operations planned from April 2026.

Fushan Technology (Vietnam) was established in November 2011 as Nokia Vietnam. It was renamed Microsoft Mobile Vietnam in December 2014 after US tech giant Microsoft acquired Nokia that year.

In 2017, Microsoft sold its handset business to FIH Mobile, part of the Foxconn ecosystem, after which Microsoft Mobile Vietnam was renamed Fushan Technology (Vietnam) as it is known today.

Fulian receives fresh hundreds of millions in capital injection

Beyond Fushan Technology (Vietnam), another wholly-owned unit of Foxconn in northern Vietnam - Fulian Precision Technology Component - also posted a strong capital increase in Q1/2026.

In January, Fulian Precision Technology Component was approved to raise its charter capital from VND8.48 trillion ($322.08 million) to VND9.13 trillion ($346.77 million), before increasing it further to VND9.46 trillion ($359.3 million) in February.

In March, Foxconn poured a further $287 million into Fulian Precision Technology Component via its subsidiary Ingrasys (Singapore) Pte. Ltd. Following this, Foxconn’s total investment in Fulian Precision Technology Component rose to about $668.5 million, while maintaining 100% ownership. The move ranks among the group’s largest disclosed investments in Vietnam so far this year.

Since beginning its investment in Vietnam in 2007, Foxconn has established a presence in Bac Ninh, Hanoi, Quang Ninh and Nghe An, with Bac Ninh emerging as its key hub.

Speaking at the opening ceremony of the Foxconn Vietnam headquarters office in Hanoi last week, Pham Hoang Son, Chairman of the Bac Ninh People's Committee, said Foxconn has run 20 projects in Bac Ninh with total investment of about $4 billion, creating around 130,000 jobs.

Beyond its economic contributions, Foxconn has also advanced technology transfer, workforce training and the development of a high-tech electronics ecosystem in the locality, he added.

The establishment of the company’s Vietnam headquarters office is a strategic step to enhance operational efficiency and strengthen engagement with regulators and partners, according to Foxconn Vietnam CEO Chou I Wen.

He added that Vietnam is not only a key manufacturing hub, but also an increasingly notable destination for innovation in the region.

Michael Chiang, rotating CEO of Foxconn, said the inauguration not only marks an expansion of operations but also reaffirms the group’s long-term commitment to Vietnam.

Amid shifting global economic dynamics, Vietnam - particularly Hanoi - is playing an increasingly strategic role in Foxconn’s development network, he stressed.

Foxconn is committed to further expanding investment, advancing technology transfer, developing a high-quality workforce, strengthening cooperation with domestic firms, and contributing to the growth of high-tech industries and sustainable supply chains in Vietnam, the CEO said.