According to a filing with the Taiwan Stock Exchange released this week, the investment will be channelled through Foxconn’s Singapore-based subsidiary, Ingrasys Pte Ltd.
Following the capital injection, Foxconn’s total investment in Fulian will reach nearly USD 668 million, while maintaining 100 per cent ownership.
The move reflects the company’s strategy to strengthen its manufacturing footprint in Vietnam as part of its global supply chain diversification.
Fulian, established in early 2023, spans about 49.6 hectares in Quang Chau Industrial Park in Bac Ninh Province. The company produces communications equipment, network cards, switches and sensors for global clients including Apple, Sony and Xiaomi.
Foxconn began investing in Vietnam in 2007. Its operations in the country also include Fuhong Precision Component Co Ltd, Funing Precision Component Co Ltd, New Wing Interconnect Technology, Fuyu Precision Component Co Ltd and Fukang Technology Co Ltd, employing more than 100,000 workers.
