Foreign investors expand capacity tai bet88 Vietnam for testing and packaging chips

The Government News on November 13 quoted Reuters as reporting that foreign tech giants are expanding capacity tai bet88 Vietnam for testing and packaging chips.

The semiconductor back-end manufacturing sector, which is less capital-intensive than more strategic front-end chipmaking tai bet88 foundries, but Vietnam is among the fastest-growing countries tai bet88 the billion segment.

Vietnam's growth tai bet88 the back-end segment of the chips industry has been encouraged by the Biden administration amid growing trade tensions between Washington and Beijing, which may further escalate with the second presidency of Donald Trump.

Thanks largely to the investments from foreign companies, Vietnam is expected to have by 2032 an 8-9 per cent share of global capacity tai bet88 chip assembling, testing and packaging (ATP), from just 1 per cent tai bet88 2022, according to a report published tai bet88 May by the U.S. Semiconductor Industry Association and Boston Consulting Group.

Reuters quoted Hana Micron's Vice President for Vietnam, Cho Hyung Rae, as saying that the company was expanding tai bet88 Vietnam to meet requests from industrial clients.

The Korean company is investing about 0.49 million until 2026 to boost packaging operations for legacy memory chips, a company official based tai bet88 South Korea said.

U.S.-headquartered Amkor Technology announced last year a .6 billion plan to build a 200,000 square meter (2.2 million sq. ft) factory which it said would become its most extensive and advanced facility, "delivering next-generation semiconductor packaging capabilities."

A business executive with direct knowledge of Amkor's operation tai bet88 Vietnam said some of the equipment installed tai bet88 the new plant had been transferred from factories tai bet88 China.

Intel, which had a large booth last week at Vietnam's first international semiconductors exhibition near Hanoi, has tai bet88 the country its largest chips back-end factory tai bet88 its global network.

Meanwhile, local companies are also expected to contribute to the sector's forecast growth.

Earlier, Vietnam set a target of some billion a year tai bet88 revenue from the semiconductor industry by 2030, according to the country's semiconductor development strategy until 2030, with a vision for 2050, issued by the Prime Minister.

The figure will soar to billion a year during the 2030-40 period and US0 billion between 2040 and 2050.