01/04/2025
Vietnam is rapidly emerging as a significant player in the semiconductor industry, particularly in the areas of packaging and testing.
Key Trends:
Government Support:
The Vietnamese government is actively promoting the development of the semiconductor sector through strategic initiatives and policies, aiming to attract foreign investment and foster domestic capabilities.
There are national strategies in place, that focus on talent development, manufacturing capacity, and global integration, with goals set for 2030 and visions extending to 2050.
Foreign Investment:
Major international companies are establishing and expanding their presence in Vietnam, primarily in outsourced semiconductor assembly and test (OSAT) facilities.
The growth is driven by factors like Vietnam's strategic location, competitive labor costs, and increasing demand for semiconductors.
Domestic Growth:
There is a strong push to develop domestic semiconductor capabilities, with companies like CT semiconductor leading the way in building domestic facilities.
Focus on OSAT:
Much of the current growth is centered on OSAT (Outsourced Semiconductor Assembly and Testing) operations.
Companies Involved:
Intel: Intel has a significant assembly and test facility in Ho Chi Minh City, which is one of their largest globally.
Amkor Technology: Amkor Technology has invested heavily in a semiconductor packaging facility in Bac Ninh.
CT Semiconductor: this Vietnamese company is establishing domestically owned semiconductor plants, focusing on chip production, packaging, and testing.
Foxconn Circuit Precision is developing manufacturing facilities within Vietnam.
Other key players with a presence in Vietnam include OnSemi, Hana Micron, Renesas, Samsung Electronics, and Synopsys.
Key Points:
Vietnam is working to build a strong semiconductor workforce, with initiatives to train tens of thousands of engineers by 2030.
The country is attracting both foreign direct investment and fostering the growth of domestic semiconductor companies.
The OSAT sector is a large portion of the current industry in Vietnam.
NOTE: Prime Minister Pham Minh Chinh’s Decision No. 1018/QD-TTg, issued on September 21, 2024, outlines Vietnam’s semiconductor strategy until 2030, with a vision extending to 2050. This roadmap focuses on talent development, manufacturing capacity, and global integration, ensuring that Vietnam capitalizes on its geopolitical and economic advantages.
Major companies participating in chip design by region in Vietnam:
Region: Hanoi
Samsung Electronics, Viettel, LG, Toshiba, Amkor Technology, FPT Semiconductor, and CoAsia SEMI Vietnam.
Region: Da Nang
Renesas, Hitachi, Synopsys, Savarti, and FPT Semiconductor.
Region: Ho Chi Minh City
VNChip Technology, Microchip, Panasonic, Renesas, Samsung Electronics, Intel, Savarti, Synopsys, FPT Semiconductor, and Uniquify.
Source: Vietnam Microchip Community