Vietnam is to invest half a billion dollars in chip manufacturing, reports VietnamNet Bridge.
Saigon Semiconductor Technology (SSTI) is to build a $257 million plant in Saigon to make telecoms chips, reports VietnamNet Bridge, and another IC plant costing $311 million is to be built by Saigon Industry Corporation (CNS).
The SSTI plant will be in the Saigon Hi-Tech Park. CNS is waiting to get permission to put its plant in the park.
SSTI’s plant will include an R&D centre and a testing line for LEDs and solar panels.
The rationale behind the SSTI plant is import substitution – supplying local industry and setting a foundation for a semiconductor industry in Vietnam.
The CNS plant is expected to produce 1.8 billion ICs a year worth $90 million.
Two years ago the Saigon authorities set out a $354 million IC programme to generate $100-150 million in revenues from IC sales, train 2000 technicians and engineers and establish 30 IC companies by 2017.
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