Vietnam wants to join global semiconductor industry

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IC factoryVietnam believes that it’s now the right time to join the global semiconductor production chain, as it is seen as a “golden opportunity” to approach high technology manufacturing.

More investment in the semiconducting industry would also help reduce imports, while it would help increase the value of domestically made electronics.

Asia-Pacific has emerged as a world’s leading source of semiconductor supply. Taiwan, for example, now holds 13-16 per cent of the market share, China 9 per cent. Thus, Vietnam has highlighted semiconductor production as one of the priority industries.

Analysts have predicted that the Vietnamese semiconductor market could be worth $2 billion a year. However, there would be many different phases of development. The first one would be setting up the infrastructure, designing production facilites and building up the workforce. The next stage would be a period of market development, which needs the state’s support to help create the market for domestic products.

Furthermore, just setting up semiconductor factories would not be enough for the industry development, experts say. In the future, Vietnam would need to set up research and development and design centers which would test if the products fit the market or not before they are put into mass production.

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Reading Time: 1 minute

Vietnam believes that it’s now the right time to join the global semiconductor production chain, as it is seen as a “golden opportunity” to approach high technology manufacturing.

Reading Time: 1 minute

IC factoryVietnam believes that it’s now the right time to join the global semiconductor production chain, as it is seen as a “golden opportunity” to approach high technology manufacturing.

More investment in the semiconducting industry would also help reduce imports, while it would help increase the value of domestically made electronics.

Asia-Pacific has emerged as a world’s leading source of semiconductor supply. Taiwan, for example, now holds 13-16 per cent of the market share, China 9 per cent. Thus, Vietnam has highlighted semiconductor production as one of the priority industries.

Analysts have predicted that the Vietnamese semiconductor market could be worth $2 billion a year. However, there would be many different phases of development. The first one would be setting up the infrastructure, designing production facilites and building up the workforce. The next stage would be a period of market development, which needs the state’s support to help create the market for domestic products.

Furthermore, just setting up semiconductor factories would not be enough for the industry development, experts say. In the future, Vietnam would need to set up research and development and design centers which would test if the products fit the market or not before they are put into mass production.

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