Vietnam is home to 174 foreign-invested projects active in the semiconductor industry with a total registered capital of US$11.6 billion, heard the first meeting of the national steering board for semiconductor development led by Prime Minister Pham Minh Chinh on Saturday.
The National Innovation Center (NIC) in Hanoi and many hi-tech parks in Ho Chi Minh City and Da Nang City will play a key role in fueling the process of strengthening the nation’s presence in the semiconductor manufacturing chain and attracting foreign investments from global tech and semiconductor groups such as Amkor, Samsung, Hana Micron, Foxconn, LAM Research, Coherent, and Intel, the prime minister said.
The Southeast Asian nation has over 50 integrated circuit design firms with an estimated 6,000 engineers. As many as seven chip testing and packaging factories are operational in the nation, with a workforce of some 6,000 engineers and more than 10,000 technicians.
Moreover, a series of enterprises specializing in manufacturing devices and materials for the semiconductor industry have entered the market.
PM Chinh affirmed that developing the semiconductor sector is an objective requirement, a strategic choice, and a top priority. Vietnam is emerging as an attractive destination for semiconductor investors, engaging in some key stages in the semiconductor value chain, including designing, testing and packaging integrated circuits, and producing devices and materials aimed at serving the industry. However, the country has yet to build a chip manufacturing facility.
The prime minister outlined several challenges facing the semiconductor industry, noting that the sector requires substantial funding, yet incentives and support policies for investors remain limited.
Vietnam attracts nearly $12bn from global semiconductor companies | Tuoi Tre News
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