Vietnam Plans to Train 50,000 Engineers for Semiconductor Industry, Eyes First Chipmaking Plant Despite High Costs

Vietnam In Talks with Major Chip Companies, Offers Incentives Despite $50bn Foundry Cost Warning; Aims to Lessen Dependence on Overseas Supplies and Increase Domestic Role in Semiconductor Supply Chain.

• Vietnam plans to train 50,000 engineers for its semiconductor industry by 2030, aiming to increase domestic involvement in the global chip supply chain.
• The country's government is offering investment incentives for companies in the sector, and infrastructure is available in the form of the National Innovation Center and three high-tech parks.
• Vietnam has initiated talks with major chip companies, including potential investment meetings with GlobalFoundries and Taiwan's PSMC, with a view to constructing a local semiconductor factory.
• The government has announced plans for the country's first chipmaking plant by the end of the decade, despite warnings from U.S. industry officials about the high cost estimated at $50 billion.
• Intel, Samsung, and others like Foxconn have already invested in Vietnam, highlighting the country's appeal for semiconductor manufacturers looking to diversify supply chains.

3 Articles

The Register Reuters CNA