Vietnam tech firm FPT produces country's first semiconductor chips

Samsung Electro-Mechanics

28/09/2022 08:07

HANOI, Sept 28 (Reuters) - FPT Semiconductor, a unit of
Vietnam's leading tech company FPT  FPT.HM , launched its first
line of semiconductor chips used in medical devices on
Wednesday, part of the company's efforts to enter the
competitive global industry. 
    The company said in a statement it aims to supply 25 million
chips globally by 2023 and is eyeing Japan, Taiwan, China and
the United States as key markets for the chips that are used in
everything from consumer electronics to aerospace and have been
in high demand due to supply chain disruptions since the
pandemic.
    Global semiconductor makers have in recent years been
betting on the Southeast Asian country, already a major regional
manufacturing hub, as an alternative production destination to
China.
    Samsung  009150.KS  said it will begin making semiconductor
parts in Vietnam in July, 2023 after injecting $920 million into
its plant in northern province of Thai Nguyen earlier this year.
Intel increased its Vietnam chip investment by nearly 50% in
2021.
    Vietnam's total chip production has the potential to grow
into a $1.65 billion industry by 2025, according to an August
report by U.S. market research company Technavio.
 (Reporting by Phuong Nguyen; Editing by Kanupriya Kapoor)
 ((phuong.nguyen@thomsonreuters.com; +84-24-3852-9623;))