Vietnam chip-making industry on rise

The tensions between the United States and China keep continuing, creating a huge opportunity for Vietnam, specifically in regard to the chip-making industry. As the U.S. takes measures to limit China's access to advanced chip-making technology, some companies may choose to shift their operations to other countries, including Vietnam.

This shift could bring new investment and technological advancements to Vietnam's chip-making industry and create new job opportunities. Additionally, the country's favorable business environment and growing skilled labor pool could make it an attractive destination for foreign investment.

In recent years, the country has made significant investments in technology and innovation, which has attracted global tech companies such as Samsung, Intel, and Qualcomm to establish operations there. The increasing demand for electronics, combined with the rise of the Internet of Things (IoT), has also fueled growth in the chip-making industry.

Recently, FPT Semiconductor, a subsidiary of tech conglomerate FPT, announced the launch of its first line of integrated circuit chips, with the aim of putting Vietnam on the global semiconductor map. The company intends to produce 25 million chips and sell them worldwide by 2025 to buyers in various sectors such as telecommunications, automotive technology, and energy.

Additionally, the country's favorable business environment and growing pool of skilled labor have made it an attractive destination for foreign investment, further fueling the rise of the chip-making industry in Vietnam.

The chip industry in Vietnam has shown significant growth, driven by several factors including a favorable investment climate, a large pool of skilled labor, and government support for the development of the tech industry. The country's emphasis on technology and innovation has attracted global tech companies such as Samsung, Intel, and Qualcomm to establish their operations in Vietnam. With the increasing demand for electronics and the rise of the Internet of Things (IoT), the chip industry in Vietnam is poised for further growth and presents a significant opportunity for investors and companies.