 Solution

First assume both factors are nonempty. If the product is compact, its continuous coordinate projections are onto, so each factor is compact by the continuous image of a compact space theorem.

For the converse, let $X,Y$ be compact and let $(W_{\lambda })$ be an open cover of their product. Fix $x\in X$. For every $y\in Y$, choose a basis rectangle $U_{x,y}\times V_{x,y}$ containing $(x,y)$ and lying in a cover member $W_{\lambda (x,y)}$. Compactness of $Y$ gives finitely many $V_{x,y_j}$ covering $Y$. Thenis an open neighbourhood of $x$, and $U_x\times Y$ is covered by the corresponding finitely many $W_{\lambda (x,y_j)}$.

The sets $U_x$ cover $X$. Compactness gives finitely many of them covering $X$, and the finitely many cover members associated to these choices now cover $X\times Y$. Hence the product is compact. This is the finite-product Tychonoff theorem proof, with the finite intersection creating a uniform neighbourhood along each fibre.

As printed, the assertion omits the nonempty hypothesis. If $X=\varnothing$ and $Y=\mathbb{R}$, the product is compact while $Y$ is not. The fully correct version without any nonemptiness assumption is