Foxconn Technology Group (富士康科技集團) and Luxshare Precision Industry Co (立訊精密) plan to add millions of gaming devices to Vietnam’s annual output, according to documents they submitted to local authorities, reinforcing the country’s role in the global supply of game consoles.
Vietnam assembles a variety of electronic products destined for foreign markets, including smartphones, computers and tablets. Information on its production of consoles is not public, but Foxconn EV Energy & Component (Vietnam) Co, a subsidiary of the Taiwanese manufacturer, has capacity to produce up to 4 million gaming devices in a factory in Northern Vietnam, according to a company document from last year.
Fushan Technology (Vietnam) Ltd, another Foxconn subsidiary, is seeking a permit to expand production in Vietnam to annually make up to 4.8 million units of Microsoft Corp’s Xbox gaming devices, parts of the consoles and other unspecified electromagnetic devices, according to a company document sent to the environment department of the northern Bac Ninh Province, where the company has a production hub.
Photo: Ritchie B. Tongo, EPA
Separately, China’s Luxshare is planning to produce up to 4.5 million game consoles a year at a factory in Vietnam, starting from next year, the company said in a proposal to Bac Ninh authorities, without indicating the brand of the devices.
Vietnam’s growing electronics footprint underscores its strategic role as manufacturers diversify beyond China amid global supply chain shifts.
Fushan plans to increase its mobile phone manufacturing capacity by 30 million units to an annual total of 140 million, according to the document, which does not mention the brand of the devices.
The company also intends to start producing charging devices for smart rings, a finger-worn wearable that has smartwatch and fitness tracker features, the document said, adding that its factory can produce annually up to 3 million smart wearable devices, including watches and bracelets.
The factory upgrade has started, with full operations scheduled to commence in April next year, Fushan said.
Fushan’s facility, originally a manufacturing plant for Nokia Oyj and Microsoft mobile devices, can also produce equipment for up to 100,000 unmanned aerial vehicles, or drones, per year, the document said.
Foxconn, known as Hon Hai Precision Industry Co (鴻海精密) in Taiwan, is a supplier to Apple Inc, Microsoft and other tech firms. As of last year, it had invested more than US$3.2 billion in Vietnam, having entered the country in the 2000s.
The majority of its manufacturing operations in the country are in the northern province of Bac Ninh. Luxshare supplies Apple and other electronics multinationals too, and also has a large presence in Vietnam with multiple plants.
The Bac Ninh factory, which it is seeking to expand from an existing US$520 million investment, aims to boost total output by 20 percent to more than 300 million units, the document said, without clarifying the devices.
The plant produces headphones, virtual reality headsets, smartwatches and smart locator devices.
Taichung reported the steepest fall in completed home prices among the six special municipalities in the first quarter of this year, data compiled by Taiwan Realty Co (台灣房屋) showed yesterday. From January through last month, the average transaction price for completed homes in Taichung fell 8 percent from a year earlier to NT$299,000 (US$9,483) per ping (3.3m²), said Taiwan Realty, which compiled the data based on the government’s price registration platform. The decline could be attributed to many home buyers choosing relatively affordable used homes to live in themselves, instead of newly built homes in the city’s prime property market, Taiwan Realty
The government yesterday approved applications by Alphabet Inc’s Google to invest NT$27.08 billion (US$859.98 million) in Taiwan, the Ministry of Economic Affairs said in a statement. The Department of Investment Review approved two investments proposed by Google, with much of the funds to be used for data processing and electronic information supply services, as well as inventory procurement businesses in the semiconductor field, the ministry said. It marks the second consecutive year that Google has applied to increase its investment in Taiwan. Google plans to infuse NT$25.34 billion into Charter Investments Ltd (特許投資顧問) through its Singapore-based subsidiary Fructan Holdings Singapore Pte Ltd, and
JET JUICE: The war on Iran’s secondary effects have seen fuel prices skyrocket, knocking flight schedules down to earth in return as airlines struggle with costs Airline passengers should brace for more irritation in the next few months as carriers worldwide cancel flights and ground planes to cope with stratospheric increases in jet-fuel prices. Dutch flag carrier KLM is the latest company to cut its schedule, saying on Thursday that it would scrap 80 return flights at Amsterdam’s Schiphol Airport in the coming month. That puts it in the same league as United Airlines Holdings Inc, Deutsche Lufthansa AG and Cathay Pacific Airways Ltd, which have all pruned itineraries to mitigate costs. Global capacity for next month has been reduced by about 3 percentage points, with all
Micron Technology Inc is a driving force pushing the US Congress to pass legislation that would put new export restrictions on equipment its Chinese competitors use to make their chips, according to people familiar with the matter. A US House of Representatives panel yesterday was to vote on the “MATCH Act,” a bill designed to close gaps in restrictions on chipmaking equipment. It would also pressure foreign companies that sell equipment to Chinese chipmaking facilities to align with export curbs on US companies like Lam Research Corp and Applied Materials Inc. The bill targets facilities operated by China’s ChangXin Memory Technologies Inc
RSS