Vietnam just approved its first chip factory, which will cost $500 million. The country expects to finish the first phase by 2030, making specialized chips for military needs, AI systems, and other high-tech gadgets. The government will pay up to 30% of the costs, maxing out at 10 trillion VND, and hand out tax breaks to sweeten the deal. The Prime Minister leads a special team that watches how the project moves forward and where the money goes.
This factory kicks off Vietnam's bigger plan for making semiconductors, aiming to build up their ability to design, make, and test chips all in one country. The investment might seem small when you compare it to fancy new chip factories that cost around $50 billion. Vietnamese leaders see this as just the first brick in a much larger building, hoping it brings more money and new tech knowledge. Reports say they've been talking with big chip makers from America, South Korea, and Taiwan—companies like GlobalFoundries and Powerchip—about teaming up.
Vietnam already has 174 chip-related projects up and running, mostly packaging and testing work. Big names like Intel and Amkor have set up shop there. Looking ahead to 2030-2040, Vietnam wants to become famous worldwide for electronics and semiconductors. As it learns to make its mark in the semiconductor world, Vietnam plans to grow to at least 200 design companies, build two chip factories, and create 15 packaging and testing centers.
The road ahead has bumps, though. Vietnam needs better power systems, roads, and water supplies. It still buys all its high-end tech from other countries, and many nearby Asian countries want the same business. This factory alone won't make Vietnam a semiconductor superstar overnight, but it marks a careful first step toward building everything needed for advanced chip-making down the road. Countries everywhere keep pouring money into semiconductor factories because they matter more than ever. We'll have to see which plans actually turn into real products.
This factory kicks off Vietnam's bigger plan for making semiconductors, aiming to build up their ability to design, make, and test chips all in one country. The investment might seem small when you compare it to fancy new chip factories that cost around $50 billion. Vietnamese leaders see this as just the first brick in a much larger building, hoping it brings more money and new tech knowledge. Reports say they've been talking with big chip makers from America, South Korea, and Taiwan—companies like GlobalFoundries and Powerchip—about teaming up.
Vietnam already has 174 chip-related projects up and running, mostly packaging and testing work. Big names like Intel and Amkor have set up shop there. Looking ahead to 2030-2040, Vietnam wants to become famous worldwide for electronics and semiconductors. As it learns to make its mark in the semiconductor world, Vietnam plans to grow to at least 200 design companies, build two chip factories, and create 15 packaging and testing centers.
The road ahead has bumps, though. Vietnam needs better power systems, roads, and water supplies. It still buys all its high-end tech from other countries, and many nearby Asian countries want the same business. This factory alone won't make Vietnam a semiconductor superstar overnight, but it marks a careful first step toward building everything needed for advanced chip-making down the road. Countries everywhere keep pouring money into semiconductor factories because they matter more than ever. We'll have to see which plans actually turn into real products.
