Amkor Bac Ninh announced its first export batch of semiconductors

Amkor Bac Ninh announced its first export batch of semiconductors just  one month after beginning official operations. The news was shared with provincial leaders during their visit to the factory on September 12. Vietnam’s semiconductor industry is facing both opportunities and challenges as it strives to stay ahead of trends.

The first batch of semiconductors

The Amkor Technology Vietnam project, located in the Yen Phong II-C Industrial Park in Bac Ninh province, spans 23 hectares and has an initial investment capital of approximately $530 million.

Amkor Bac Ninh officially commenced operations in August. According to company leaders, it has already secured deals with four customers and successfully exported its first batch of semiconductors. The company is currently negotiating with six additional customers for future orders.

The global semiconductor landscape

Thailand, Vietnam, and Singapore are all major competitors to become the leading regional country in the semiconductor manufacturing industry. The chip manufacturing sector is currently booming on the global scale due to the demand for AI technology and electric vehicles.

Previously, The Nation (Thailand) supposed that Thailand would need to make significant efforts to attract semiconductor manufacturers as it competes directly with Vietnam and Singapore.

The country’s Board of Investment (BOI) stated that they would propose new measures to accelerate manufacturing investments under Prime Minister Paetongtarn Shinawatra, focusing on two main industries: semiconductors and batteries.

For Singapore, as regional competition intensifies, the country is also shifting to different approaches to attract businesses. According to Channel News Asia, besides ensuring stable infrastructure for chip manufacturing plants, some of the tactics the Singaporean government employs include offering free services, establishing supply chains in F&B, retail, and even childcare services.

Singapore hopes that this move will create vibrant and convenient zones, fostering business growth, thereby attracting investment from major corporations and promoting the semiconductor industry.

Vietnam’s semiconductor industry potential

In fact, Vietnam has many reasons to become an attractive destination for the semiconductor industry.

According to Minister Nguyen Manh Hung, in terms of the semiconductor industry, besides the geopolitical advantage, Vietnam has another edge: the Vietnamese people possess a genetic inclination towards science, technology, engineering, and mathematics (STEM), which aligns well with the semiconductor sector. This unique advantage cannot be replicated.

Additionally, the opportunities for Vietnam’s semiconductor industry are tremendous:

The world is restructuring the semiconductor industry toward supply chain diversification (X+1), not only in manufacturing but all stages of the semiconductor industry. Vietnam is among the few countries that are the “1” in this model. 

The world is facing a global shortage of workforce in the semiconductor sector. This occurs on a global scale, but mainly short and medium-term. Meanwhile, Vietnam can meet the global semiconductor workforce demand in the short, medium, and long terms.

Vietnam ranks second globally in rare earth reserves for the semiconductor industry. Rare earth elements and chemicals are indispensable inputs for the semiconductor sector.

Vietnam has been involved in the semiconductor industry for 20 years and has established an initial foundation in workforce training, design, packaging, and testing.

Source: Redsunland

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