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Semiconductor chip manufacturing industry: Billion USD opportunity for Vietnam

Vietnam is one of the countries considered to have many advantages to attract investors in the field of semiconductor chip manufacturing and is emerging as a destination for many manufacturers. Currently, many countries want to become a global semiconductor chip production center in Vietnam worth billions of dollars.

Billions of dollars poured into Vietnamese semiconductor chip projects

RSL Group – Vietnam, Thailand, Philippines, Cambodia, India… are all interested in the semiconductor chip industry, but Vietnam has an advantage over its competitors, demonstrated by the interest of many large US corporations. , Korea… in a field that is considered the hottest in the world today.

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On September 16, Deputy Prime Minister Tran Luu Quang attended the inauguration ceremony of Hana Micron Vina Company’s semiconductor factory project in Van Trung Industrial Park, Viet Yen district (Bac Giang). This is the first semiconductor manufacturing project in the North.

Hana Micron Vina (Korea) is an enterprise that manufactures and processes integrated circuit boards used for mobile phones and other smart electronic products, with a total registered investment capital of nearly 600 million USD. Phase 1 of the factory went into operation in November 2020. By 2025, the Company plans to increase total investment to more than 1 billion USD, expected revenue to reach 800 million USD and create jobs for about 4 thousand workers.

When talking about semiconductors, it is impossible not to mention Intel – one of the top 3 semiconductor manufacturers in the world. More than 10 years ago, it began developing a chip factory in Vietnam, with a scale of 1 billion USD. . In 2021, Intel has increased investment capital in this project to nearly 1.5 billion USD and is planning to pour billions of dollars more to expand its factory in Vietnam.

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Along with that, Arizona-based Amkor Technology will announce the start of operations at its modern factory in Bac Ninh province in October 2023, with a total investment capital for the project of 1.6 billion USD. California-based Synopsys is launching a semiconductor design and incubation center in collaboration with Ho Chi Minh City Hi-Tech Park. California-based Marvell will announce the establishment of a world-class semiconductor design center in Ho Chi Minh City.

Recently, the Joint Statement on upgrading Vietnam-US relations to a Comprehensive Strategic Partnership recognized Vietnam’s great potential to become a key country in the semiconductor industry. Accordingly, the two leaders of Vietnam and the United States support the rapid development of the semiconductor ecosystem in Vietnam and the two sides will actively coordinate to enhance Vietnam’s position in the global semiconductor supply chain. bridge. Vietnam and the United States announced the launch of human resource development initiatives in the semiconductor sector, in which the US Government will provide an initial seeding grant worth 2 million USD along with supports from The Vietnamese government and the private sector in the future.

Previously, in August 2022, Samsung Group leaders in a meeting with Prime Minister Pham Minh Chinh also confirmed that Samsung is preparing to test semiconductor chip grids and will mass produce them at the Samsung Thai Nguyen factory. . Semiconductors will mark Samsung’s third business in Vietnam, where the company makes home appliances and half of its smartphones.

Aiming for Vietnamese branded semiconductor chip products

Many experts say that the door to the global chip manufacturing race is wide open for Vietnam, although there is still much work to be done.

However, in order for the semiconductor industry to spread, it must not only focus on attracting FDI but also include the participation of Vietnamese enterprises.

Currently, there are only a few Vietnamese enterprises participating in chip production such as FPT Semiconductor, CMC, Viettel… Therefore, technology and electronic support industry enterprises need to make efforts to change and participate more deeply in the production chain. export. At the same time, there must be a strategy to train high-quality human resources, and policies to support Vietnamese businesses in transferring technology, especially core technology, to produce Vietnamese-branded chip products. . High human resource level is also an important factor for Vietnam to meet the needs of the semiconductor industry, as well as receive technology transfer.

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Many experts in this field believe that the most effective way for Vietnam to do this right now is to attract highly qualified chip engineers from around the world to work in Vietnam for a few years. These engineers will help transfer technology. technology and skills training for Vietnamese engineers. Therefore, it is necessary to have policies to attract international talent, especially in the semiconductor industry.

Data being published on the National Science & Technology Information Portal shows that Vietnam currently has about 5,000 engineers working in the field of IC design. Recently speaking at the launching ceremony of the Electronics and Semiconductor Circuit Training Center of the Ho Chi Minh City Hi-Tech Park Management Board, Deputy Prime Minister Tran Hong Ha emphasized that there will not be an industrial sector. strong electronics industry if we cannot build an industry of microchips and semiconductors. The development process is still arduous and will face fierce competition.

Therefore, the Deputy Prime Minister emphasized that to develop the microchip and semiconductor industry, the most important thing is to train high-quality human resources and choose the most scientific and effective solutions. That means we must promote basic scientific research and understand core technology. To do this, the Government will change and supplement laws on science and technology, education and training… The Government commits to investing resources in science and technology development and investing in the future.

If the above requirements are met, Vietnam can receive technology transfer and proceed to produce Vietnamese branded chip products. By 2024, Vietnam’s semiconductor industry is forecast to exceed 6.17 billion USD in value. This will be the goal for Vietnam to participate more deeply in the global semiconductor chip industry, helping to escape the middle-income trap.