# Foxconn acquires 100% of Goertek Electronics Vietnam

Foxconn Interconnect Technology (FIT), through its subsidiary New Wing Interconnect Technology (Bac Giang), acquired Goertek Electronics Vietnam, a subsidiary of China's Goertek. New Wing will inject $50 million into the joint venture, holding a 25% stake, with another FIT entity holding 75%.

- Type: Acquisition
- Announced: 2025-02-22
- Where: Bac Giang province, Vietnam
- Value: $50.0M
- Status: announced
- Products: electronic components
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Foxconn Interconnect Technology](https://endata.com/companies/30935.md) (acquirer)
- [New Wing Interconnect Technology](https://endata.com/companies/37876.md) (acquirer)
- [Goertek](https://endata.com/companies/38924.md) (partner)
- [Goertek](https://endata.com/companies/38924.md) (target)
- [Goertek Electronics Vietnam](https://endata.com/companies/83112.md) (target)

## Sources

- [theinvestor.vn](https://theinvestor.vn/taiwans-foxconn-acquires-vietnam-unit-of-chinas-goertek-d14614.html), 2025-02-22: "Taiwan’s Foxconn Interconnect Technology (FIT) has acquired Goertek Electronics Vietnam under Chinese electronics giant Goertek, subject to approval of relevant regulatory authorities."
- [english.vov.vn](https://english.vov.vn/en/economy/taiwanese-tech-giant-foxconn-expands-production-scale-in-vietnam-post1157013.vov), 2025-02-24: "FIT considers this acquisition a strategic investment."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.