Billions of dollars from US and Korean technology giants are massively poured into Vietnam: The focus is on the electronics and semiconductor industry

From the beginning of the year until now, Foxconn, Goertek, Quanta… have continuously invested capital in many projects in Vietnam.

American businesses close many semiconductor projects

After the United States and Vietnam upgraded their relations, the two sides discussed many in-depth cooperation in the fields of science, technology and innovation. In particular, in the field of semiconductors, Arizona-based Amkor Technology Company will start construction on a factory in Bac Ninh in October 2023. Total investment for this project is 1.6 billion USD.

California-based Synopsys will open a semiconductor design and startup center in collaboration with Saigon Hi-Tech Park.

Previously, Synopsys and the National Innovation Center (Ministry of Planning and Investment) signed a memorandum of understanding on developing talented human resources for IC design in Vietnam, in which Synopsys Support the National Innovation Center to establish a chip design incubation center.

At the same time, Synopsys also signed a memorandum of understanding with the Department of Information and Communications Technology Industry (Ministry of Information and Communications) to support the development of Vietnam’s semiconductor chip industry.

And California-based Marvell announced that it will establish a world-leading semiconductor design center in Ho Chi Minh City.

A series of electronic industry projects signed from the beginning of the year until now

On September 22, Hai Phong Economic Zone Management Board will hold a conference to award investment certificates to the project of SKC Group, a subsidiary of SK Group, Korea’s 3rd largest chaebol. This is SK Group’s first direct investment project in Vietnam.

Previously, in June, SKC signed a memorandum of cooperation with Hai Phong City of Vietnam to explore the investment environment for advanced semiconductor materials, secondary batteries and a number of other materials. environmentally friendly.

Foxconn, Apple’s important partner, has signed two electronics industry projects in Vietnam this year. In February, Foxconn through its subsidiary Fulian Precision Technology Component Co. signed a contract with Saigon-Bac Giang Industrial Park Joint Stock Company to lease a 45-hectare area of land in Quang Chau Industrial Park, Bac Giang province for about 62.5 million USD, the type of product is unknown. The factory will produce.

By May, Foxconn Interconnect Technology Singapore PTE.LTD was granted an Investment Registration Certificate to implement the Fu Wing Interconnect Technology (Nghe An) Co., Ltd. project in WHA Industrial Zone 1 – Nghe An on an area about 48ha. The total investment capital of the project is 100 million USD. The company specializes in manufacturing wireless headphones, connection wires, wireless chargers, speakers, and connectors.

Goertek Group and Kinh Bac Urban Development Corporation (KBC) also signed a Memorandum of Understanding (MOU) on subleasing 62.7 hectares of land in Nam Son – Hap Linh Industrial Park. It is known that Goertek invests in the Goertek Nam Son – Hap Linh factory project for manufacturing electronic products, network equipment and multimedia audio products here.

In addition, in August, the Secretary of the Bac Ninh Provincial Party Committee had a meeting and worked with Mr. Chen Tao, Chairman of Victory Giant Technology Group, a large Chinese enterprise, specializing in manufacturing and trading of components. electronics, semiconductors to explore cooperation and investment opportunities in the province. After a period of research, the group decided to choose VSIP Bac Ninh Industrial Park as the location to implement the factory construction investment project with a total investment of 400 million USD,

Korean chip manufacturing giant Hanmi Semiconductor announced at the end of May 2023 that it would put Hanmi Vietnam Branch in Bac Ninh into operation. Also at the end of May 2023, Infineon Technologies AG (Germany), a company specializing in semiconductor solutions for power systems and IoT, announced the expansion of its scale of operations in Vietnam,

Potential of Vietnam’s electronics industry

In recent years, many large electronic businesses have invested in Vietnam such as Samsung, LG, Intel… opening up huge opportunities for the electronics industry in Vietnam.

According to Virac’s report, in the medium and long term, Vietnam has been showing its potential to become a “landing station”, the world’s new production center in the fields of electronics, technology, and other industries. high value industry. Vietnam is converging many potential factors from human resources to favorable geographical and natural conditions.

On that basis, Vietnam is on the verge of building a research and development team strong enough in both capacity and scale to create technological inventions. Thereby contributing to the development of the electronic components industry with high added value.