The People’s Committee of central Da Nang City has given the green light to investment policy for a laboratory for advanced semiconductor packaging technology production project, with a total projected investment capital of VND1.8 trillion ($69.5 million).

The municipal authorities also approved VSAP LAB Joint Stock Company as the project’s investor.

The project will be located in the city's Software Park No. 2 in Thuan Phuoc Ward, Hai Chau District, covering an area of approximately 2,298 sq.m.

The laboratory will be equipped with state-of-the-art machinery, and automatic test equipment (ATE). It is designed to produce 10 million products per year, offering advanced semiconductor packaging and testing services.

Construction of the project is scheduled to start in the fourth quarter of 2025 and it is expected to be put into operation in the second half of 2026.