The 'Rising Star' of the Semiconductor Market

Currently, there are a number of Vietnamese enterprises participating in chip production such as FPT Semiconductor or Viettel. It is forecasted that by 2024, the value of Vietnam's semiconductor industry will exceed 6.17 billion USD. This will be the path for Vietnam to participate more deeply in the global semiconductor chip industry.

It is forecasted that by 2024, the value of Vietnam's semiconductor industry will exceed 6.17 billion USD. This will be the path for Vietnam to participate more deeply in the global semiconductor chip industry. (Source: Reuters)

FPT will reach 1 billion USD from the global market in 2023. There are still many opportunities opening up as this leading Vietnamese technology company sets a target of 5 billion USD in the next 5 years.

Among the three outstanding strategies of the Group today, in addition to providing solutions in the AI technology ecosystem and the field of automotive engineering software, it is impossible not to mention the semiconductor chip field.

Although it has only been in the semiconductor chip market for a year, FPT Semiconductor has continuously received orders from businesses from Korea, Japan, Taiwan and the US. This year, the company will launch seven new chip lines. By 2024, it will continue to design and manufacture IoT Platform chip lines for smart device applications, wearables, and the Internet of Things (IoT) for agriculture, forestry, and fisheries.

Regarding opportunities for Vietnamese enterprises in the semiconductor industry, Mr. Nguyen Vinh Quang - Director of FPT Semiconductor assessed that Vietnam will have advantages when participating in the semiconductor chip market. If we only design chip lines to follow the market, it will be very difficult at the present time, but if we go into the right customer needs, making what they need, Vietnam will have certain advantages.

Source: https://baoquocte.vn/ngoi-sao-dang-len-cua-thi-truong-chat-ban-dan-250273.html