Proposition 14
Tag 0B8T, permanent. Cite it as [Bourbaki, Tag 0B8T].
General Topology, chapter I, § 9. Compact spaces and locally compact spaces
a) Let be a family of locally compact spaces such that is compact for all but a finite number of indices. Then the product space is locally compact.
b) Conversely, if the product of a family of non-empty topological spaces is locally compact, then the factors are compact for all but a finite number of indices, and the factors which are not compact are locally compact.
a) Let be a point of . For each index such that is locally compact but not compact, let be a compact neighbourhood of in , and for all other indices put . Then is a compact neighbourhood of in (no. 5, Theorem 3). Also is Hausdorff by , no. 2, Proposition 7, and is therefore locally compact
b) If is locally compact and the non-empty, then each of the is homeomorphic to a closed subspace of (, no. 2, Proposition 4 and , no. 3, Corollary to Proposition 7), hence locally compact by Proposition 13. Let be a point of and let be a compact neighbourhood of ; since we have for all but a finite number of indices (, no. 1), it follows from no. 4, Corollary 1 to Theorem 2, that the are compact except for a finite number of indices.
Bourbaki puts the proof directly after the statement, so what is above is the statement and its proof together.