Topic: semiconductor

Recently, Foxconn announced it has injected an additional $23.40 million into Fulian Precision Technology Component, a subsidiary in Vietnam.

The center providing a venue to support and connect Vietnamese startups in the semiconductor sector.

This milestone represents a significant advancement in Vietnam's efforts to foster its semiconductor industry while strengthening international collaboration in the high-tech sector.

The annual revenue of the industry in Vietnam expected to exceed $25 billion, with an annual value-added growth rate of 10-15% in the 2024-2030 period.

The initiative aims to finalize key mechanisms and policies that will facilitate the growth of the semiconductor chip industry.

At a policy forum on March 14, PM Pham Minh Chinh laid stress on Vietnam’s commitment to rapid and sustainable growth driven by science, technology, innovation, and digital transformation.

Party General Secretary To Lam asked for measures to tackle obstacles that hinder the development of science and technology, innovation and digital transformation:

The event seen as a pivotal platform for Vietnam to explore the latest trends at the intersection of artificial intelligence (AI) and semiconductor technology.

At least two or three networks of such centers will be formed in the northern,  central, and southern regions of the country to provide talents in the fields of Artificial Intelligence, semiconductor industry, and biotechnology.

In January, FDI enterprises invested in 39 provinces and cities across the country, with Bac Ninh leading the way, attracting a registered capital of $1.42 billion.