Foxconn to make PlayStation gaming consoles in Vietnam
Taiwanese electronics giant Foxconn will manufacture PlayStation gaming consoles in Vietnam’s northern province of Quang Ninh as part of a $287.2 million investment, according to a draft report on the project.
Foxconn received an investment registration certificate for the project earlier this month.
It will cover 12.4 hectares at Bac Tien Phong Industrial Park, also known as Deep C Quang Yen, invested by Belgian port developer Rent A Port.
Quang Ninh Chairman Cao Tuong Huy (seventh left) grants an investment certificate to Foxconn in Quang Ninh province, northern Vietnam, July 3, 2024. Photo courtesy of Quang Ninh newspaper.
Foxconn Singapore PTE LTD, a subsidiary of Foxconn, will be the investor; and the Singapore firm's subsidiary, Foxconn EV Energy & Component (Vietnam) Co., Ltd., will implement it.
According to Foxconn’s draft report for the project, it will make pre-construction preparations from Q2/2024 to Q1/2025, select contractors and build the factory in Q2/2025-Q2/2026, import and install equipment in Q3/2026-Q4/2026, enter trial production in Q1/2027, and begin official production from Q2/2027.
The project is expected to employ 2,405 people.
Foxconn products. Photo courtesy of Foxconn.
The project aims at an annual output of 8.72 million items totaling 74,596 tons. This includes 4.03 million “interactive system for entertainment” sets, which are PlayStation gaming consoles (12,846 tons); and 4.75 million “smart household devices” which are robot vacuum cleaners (61,750 tons).
So far, Foxconn’s five investments in Quang Ninh province have totaled $1 billion. The first $137 million went to building facilities at Dong Mai Industrial Park. In 2023, it received investment registration certificates for two more projects worth $246 million.
Brand Cheng, chairman and CEO of Foxconn, informed Vietnamese Prime Minister Pham Minh Chinh last month that the Taiwan-headquartered firm had invested around $4 billion in five Vietnamese provinces, employing 80,000 people.
The company recorded a total operating income of $6.7 billion from its Vietnamese affiliates in 2023.
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