Prominent semiconductor corporations have poured substantial investments ranging from hundreds of millions to billions of USD into Vietnam. These investments focus on establishing factories, expanding production, and assembling semiconductor products.
Qualcomm established its presence in Vietnam in 2003. In 2020, they built their first R&D center in Vietnam and Southeast Asia to expand 5G chipset production.
Intel has been operating in Vietnam since 2006 with a chip manufacturing and testing facility in Saigon Hi-Tech Park. The total investment by the corporation in Vietnam reached USD1.5 billion by January 2021, creating over 6,500 jobs. The export value from 2010 to Q3 2023 reached USD82 billion, accounting for approximately 60% of the total export value of Saigon Hi-Tech Park.
Pegatron, one of Apple's three iPhone suppliers alongside Foxconn and Wistron, has been exploring expansion to Vietnam since 2020. Currently, they are constructing a factory in Hai Phong with a total investment of approximately USD481 million. Between 2026 and 2027, the company will continue to implement the project with a total investment of up to USD500 million.
In October 2023, Amkor Technology, a global leading semiconductor industry corporation headquartered in Arizona, inaugurated a factory in Bac Ninh, Vietnam with a total investment of USD1.6 billion.
Samsung also plans to produce semiconductor components in Vietnam. Notably, mass production of semiconductor chip leadframe products by Samsung Electro-Mechanics Vietnam in Thai Nguyen will commence in late 2023.
On September 16, 2023, Hana Micron Vina (South Korea) inaugurated a semiconductor manufacturing plant project in Van Trung Industrial Park (Bac Giang). Hana Micron Vina is a manufacturer and processor of integrated circuit boards used for mobile phones and other smart electronic products with a total registered investment capital of nearly USD600 million. By 2025, the company plans to increase its total investment to over USD1 billion.
In late May 2023, the Korean chip manufacturing giant, Hanmi Semiconductor, announced the opening of its Hanmi Vietnam branch in Bac Ninh. Hanmi Semiconductor is a leading designer, developer, and manufacturer in the semiconductor equipment industry.
Also in late May 2023, Infineon Technologies AG (Germany), a company specializing in semiconductor solutions for electrical systems and IoT, announced the expansion of its operations in Vietnam. Victory Giant Technology, a Chinese electronics and semiconductor components manufacturing corporation, has chosen to build a factory with a total investment of USD400 million in Bac Ninh.
Recently, Synopsys (headquartered in California), a provider of tools and services for the semiconductor design and manufacturing industry, and the National Center for Innovation and Creativity signed a memorandum of understanding on developing talented microchip design human resources in Vietnam.
In the joint statement on the Vietnam-US Comprehensive Strategic Partnership, the two countries recognized Vietnam's enormous potential to become a key player in the semiconductor industry. The US Government will provide an initial seed funding of USD2 million. This is considered a new step for Vietnam on its journey to penetrate the multi-billion dollar industry.
Besides foreign projects, Vietnam also has several technology companies and businesses that have been researching, designing, and manufacturing chips such as FPT Semiconductor, Viettel, etc. This will be the path for Vietnam to participate more deeply in the global semiconductor industry.
This is just a brief overview of the current situation of semiconductor investments in Vietnam, according to Vietdata's semiconductor market data. With the increasing attention from both domestic and foreign companies, Vietnam is expected to become a major hub in the global semiconductor industry shortly.
Source: Vietdata's semiconductor market data