Vietnam signs semiconductor memorandums with US companies

Vietnamese government bodies have signed three memorandums with U.S. businesses to help increase their ability to design and produce semiconductors, and train people in the industry.

The deals were signed in Washington D.C. on Tuesday in the presence of Prime Minister Pham Minh Chinh, U.S. Ambassador to Vietnam Marc Knapper, and President and CEO of the Semiconductor Industry Association John Neuffer.

Vietnam Prime Minister Pham Minh Chinh (back, center) witnesses the signing of memorandums between Vietnamese government bodies and U.S. companies in Washington, U.S on Sep. 19, 2023.

The Ministry of Planning and Investment’s National Innovation Center signed a memorandum with Cadence Design Systems on the design and production of semiconductors.

The center also signed a memorandum with Arizona State University to develop human resources for the semiconductor industry.

The Ministry of Education and Training signed a memorandum with Intel to develop human resources for hi-tech sectors.

Investment minister Nguyen Chi Dung said that the signings will help boost cooperation between U.S. companies in the semiconductor industry and Vietnamese partners.

The U.S. is a leading country in the sector, and Vietnam is a land of potential with an ideal geographical location, and a stable political system, he added.

The country aims to train 50,000 engineers in the semiconductor industry by 2030, and the government has a strong interest in developing this industry, he added.

Vietnam has also established research units in the semiconductor sector, and large companies in the country have the resources and willingness to develop the industry, Dung said.

PM Chinh said that Vietnam and the U.S., in their agreement to establish a Comprehensive Strategic Partnership, have prioritized technology and innovation as new pillars in their relations.

He urged U.S. companies to invest more in Vietnam, including in infrastructure, technology transfer, manufacturing and training.

Vietnam’s government bodies will create a fair business environment for U.S. companies, he said.

PM Chinh is on a six-day working trip in the U.S. After visiting San Francisco and Washington, he will go to New York to join the high-level General Debate of the 78th United Nations General Assembly.

Deputy PM calls for more US investment in semiconductor industry

Deputy Prime Minister Le Minh Khai on January 12 called on the Semiconductor Industry Association (SIA) of the US to encourage its member enterprises to increase investment in Vietnam.

 

The global race to produce semiconductors

The race to produce semiconductors and chips is globally getting hotter, in the context that all major countries want to be autonomous and not left behind in this field. The United States and the European Union (EU) have strengthened the capacity of the semiconductor industry while developing countries such as China and India, are also making efforts to participate in and assert their positions in this important “playground”.

 

VN ready to become a semiconductor manufacturer

The global semiconductor and chip race is heating up and Vietnam should take this opportunity to raise its’s position on the global semiconductor manufacturing map as some leading corporations have invested in semiconductor manufacturing in the country, according to local economists.

 

Vietnam in global semiconductor spotlight as big-name investors show interest

Global semiconductor makers are betting on Vietnam as their next production destination with the country being considered ready for a move up in the value chain.

 

Samsung to start producing semiconductor components in Vietnam

Samsung is testing its ball grid array products and will mass produce them at the tech giant's factory in northern Thai Nguyen Province in July 2023.

 

Source: VnExpress