Korean Media: Ho Chi Minh City in Vietnam is Rising as a World-Class Semiconductor Hub!
On May 3, South Korean media outlet *Choice Economy* published an article stating that, under the massive investments from international semiconductor companies, the high-tech park in Ho Chi Minh City, Vietnam, is rapidly emerging as a world-class center for semiconductor packaging and testing.
According to Reuters, Vietnam is successfully transforming from its past reliance on low-wage, simple assembly industries into high-value-added sectors featuring advanced back-end processing technologies. Intel already operates testing and packaging facilities in Ho Chi Minh City and has recently increased its investment to further enhance its production lines.
Global semiconductor back-end processing giant ASE Technology is also massively expanding its factory footprint in Vietnam to meet rising market demand for advanced chip packaging. With these initiatives by global enterprises, the Ho Chi Minh City High-Tech Park has now firmly established itself as a strategic hub indispensable within the global semiconductor supply chain.
The Ho Chi Minh City High-Tech Park is currently considered one of the most competitive semiconductor back-end processing production bases in Southeast Asia. Vietnam has designated the semiconductor industry as a key national strategic sector and is attracting foreign investment through favorable policies such as corporate tax reductions and land provision.
Notably, as packaging technologies continue to advance, acquiring skilled engineering talent in Vietnam has become a critical factor driving industrial growth. Currently, Intel’s plant in Ho Chi Minh City accounts for the majority of its total shipments, making a decisive contribution to Vietnam’s semiconductor export performance.
ASE Technology’s investment is expanding to directly produce advanced packaging solutions required by Vietnam’s artificial intelligence and high-performance computing needs. According to Reuters, “Vietnam is also striving to enhance its design capabilities, aiming to secure a higher position within the semiconductor value chain.”
Experts predict, “If Vietnam’s semiconductor industry succeeds in taking root, the ripple effects could surpass Samsung’s past impact on Vietnam’s economy.”
However, ensuring stable power supply and continuously cultivating high-skilled technical talent are seen as long-term challenges Vietnam must address. Recently reported, major tech companies including NVIDIA and Microsoft are actively evaluating Vietnam’s data centers and semiconductor infrastructure. Positive analyses suggest Vietnam will join Malaysia as one of Southeast Asia’s two primary hubs for semiconductor back-end processing.
Currently, cumulative investments in semiconductor-related enterprises at the Ho Chi Minh City High-Tech Park have reached several billion dollars and continue to grow. This trend indicates that Vietnam is transitioning from a mere manufacturing base into a technological center.
Original Source: toutiao.com/article/1864152879336457/
Disclaimer: The views expressed in this article are those of the author(s) alone.