HCM City, (VNA) – The SaigonHi-Tech Park (SHTP) in Ho Chi Minh City and Cadence Design Systems, a multinational computational softwarecompany of the US, on May 30 signed a memorandum of understanding oncooperation in developing electronic design manpower and promoting thesemiconductor industry in Vietnam.

Under this partnership, Cadence, aworld leading company in electronic design, can provide integrated circuit (IC)design software tools and related training programmes for universities in HCMCity via its academic network.

Nguyen Anh Thi, head of the SHTPmanagement board, said the cooperation with Cadence will give local students achance to access the latest technologies and methodologiesin IC and system design, and acquirepractical experience that will help them succeed in the high-tech industry.It will also help strengthen the capability of the SHTP Chip Design Centre,thus contributing to the local semiconductor industry.

Michael Shih, Corporate VicePresident of sales for Asia-Pacific and Japan of Cadence, said his company cooperates with the SHTP and universities to help develop electronic design manpowerin Vietnam. By providing access to its software, the firm aims to equip the next generation of engineers with the skillsthey need to contribute to the growth of the high-tech industry in Vietnam.

Addressing thesigning ceremony, Deputy Minister of Science and Technology Tran Van Tung said foreignbusinesses value Vietnam’s development potential,noting that the SHTP’s focus on training IC design manpower is the rightdirection for creating high-quality human resources for industries in the timeahead.

Duong Anh Duc, Vice Chairman of theHCM City People’s Committee, said the city is now a potential destination for foreigninvestors, including those in the electronics and IC industry. As global supplychains are shifting, the SHTP should ready high-quality human resources toattract investment in this sector./.