Vietnam considers building first chip manufacturing plant, U.S. officials warn costs are too high

News from this site on October 31, Reuters reported that despite warnings from U.S. industry officials about high costs, Vietnam is negotiating with chip companies with the aim of increasing investment in the country and possibly building its first chip factory Manufacturing plant.

It is understood that Vietnam already has Intel’s largest semiconductor packaging and testing factory in the world, and is currently formulating a strategy to attract more semiconductor investments, including investment from foundries focused on manufacturing chips. .

Vu Tu Thanh, head of the Vietnam office of the U.S.-ASEAN Business Council, revealed that meetings have been held with six U.S. chip companies in recent weeks. These include meetings with fab operators. However, the specific company name was disclosed because the negotiations are still in the preliminary stage.

A chip executive who declined to be named said that negotiations with potential investors involve US semiconductor wafer foundries GlobalFoundries and Power Semiconductor.

It is important to mention that the US President visited Hanoi in September and a bilateral agreement was reached. According to this agreement, the United States will provide US$2 million in seed funding (approximately RMB 14.64 million) to launch a comprehensive workforce development program in Vietnam and jointly develop practical teaching laboratories and training courses for semiconductor assembly, testing and packaging

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