Vietnam proves growing foothold in semiconductor value: Tractus
Vietnam has proved its significant and growing foothold in the semiconductor value chain across ASEAN in recent years, business strategy consulting and operations management firm Tractus wrote in its recent article.
A screenshot of the article (Source: tractus-asia.com)
Hanoi (VNA) – Vietnam has proved its significantand growing foothold in the semiconductor value chain across ASEAN in recentyears, business strategy consulting and operations management firm Tractus wrote in its recent article.
The article noted with a large working-age population andrelatively low cost of living, Vietnam boasts a competitive labour costadvantage. “Recognising this potential, the Vietnamese government is activelypromoting computer science education, aiming to cultivate 50,000 semiconductorengineers by 2030.”
It added that Vietnam’s booming electronics industry (EI),led by multinational corporations such as Samsung and Daewoo, has played avital role in a proportional increase in semiconductor materials to fabricatethe necessary electronic components. Meanwhile, the adoption of 3D packagingtechnologies has revolutionised the industry, enhancing performance and energyefficiency. Furthermore, advancements in materials like gallium nitride (GaN)and silicon carbide (SiC) are opening new possibilities.
According to the article, because of the COVID-19 pandemicand US trade restrictions, semiconductor manufacturers are on the lookout fornew locations, and Vietnam has emerged as a compelling choice. The Vietnamesegovernment is capitalising on this trend by offering competitive incentives forforeign direct investment (FDI) projects, particularly in high-tech sectors.
Alongside foreign investment, Vietnamese technologycompanies are actively shaping the future of the industry. Notably, FPT,through its subsidiary FPT Semiconductor, has entered the domestic fablessmarket.
In conclusion, it wrote: “Vietnam’s strategic location, costadvantages, and burgeoning electronics industry position it as a rising star inthe global semiconductor landscape. With government support, technologicaladvancements, and increasing foreign and domestic investments, Vietnam ispoised to play a vital role in the future of this critical industry.”/.
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A screenshot of the article (Source: tractus-asia.com) 
