ShunSin confirms plans for $20m Vietnam facility
ShunSin Technology, the system-in-package (SiP) subsidiary of Hon Hai Technology Group (Foxconn), is set to open its third plant in Vietnam.
The firm revealed in a filing with the Taiwan Stock Exchange that it will invest USD 20 million in a new plant to complement its existing two facilities in Vietnam, and one each in Hanoi and Tinh Bac Giang.
ShunSin is based in Guangdong Province, China, and specialises in system-in-package (SiP) modules, thick film hybrid integrated circuits, optical transceivers, concentrated photovoltaic modules, MEMS modules and sensors. It is also developing co-packaged optics products, which are in strong demand from companies in the AI server supply chain.