Vietnam makes big inroads in global chip race
The country’s tech giants want larger slice of the trillion-dollar global semiconductor market by capitalising on the local supply chain
Jamille Tran
[HANOI] FPT Semiconductor, a unit of Vietnam’s leading tech company FPT Software, in September launched its first line of semiconductor chips used in medical devices, with a target to supply 25 million “Made in Vietnam” chips around the world.
An alliance made up of FPT Software and various local and international stakeholders plans to jointly build wafer fabrication plants in Vietnam – the missing piece in the local semiconductor supply chain, said FPT Semiconductor’s founder and CEO Nguyen Vinh Quang in a recent interview with The Business Times.
During a meeting with Vietnamese Prime Minister Pham Minh Chinh in August, state-owned telecommunications behemoth Viettel Military Industry and Telecoms Group asked the government to task the company with the research, design and production of semiconductor chips to serve domestic and international demand.
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