Vietnam promotes semiconductor industry

The summit, the first of its kind in HCM City, brings together more than 50 representatives from local and international microelectronics companies to discuss key strategies, challenges and opportunities in investing and developing the semiconductor industry.

The three-day event offers an opportunity for the fledgling semiconductor industry to chart a course for its future development, especially for the Saigon Hi-Tech Park (SHTP) - a model designed to attract investment and develop the city’s micro-semiconductor sector.

According to the SHTP’s Management Board, the semiconductor industry has received great support from the Government and it is included in the national prioritised programme on renovating technologies and developing national products till 2020.

Following Intel’s US$1 billion micro-chip plant in SHTP in 2006, HCM City established its Semiconductor Industry Association (HSIA) in March 2013 and developed a plan to build Vietnam’s first micro-chip factory in this hi-tech park.

The current summit is considered a golden opportunity for HCM City to realize its semiconductor industry development strategy, aiming to turn the hi-tech park into an ideal destination for investment, research and training in Vietnam and the region.