Vietnamese tech firm launches country’s first semiconductor chips

Sep 30th at 08:14
30-09-2022 08:14:58+07:00

Vietnamese tech firm launches country’s first semiconductor chips

FPT Semiconductor, a subsidiary of Vietnamese tech giant FPT, has officially launched its first line of integrated circuit (IC) chips indicated for use in medical equipment, a move that it hopes will push Vietnamese products into the forefront of the competitive global industry.

FPT Semiconductor debuted its first IC chips, which were designed in Vietnam and manufactured in South Korea, in August 2022, for use in Internet of Things (IoT) medical devices, the company announced in a press release on Wednesday.

The company is currently coordinating with partners to distribute its 'Make-in-Vietnam' chips to markets in Australia, Taiwan, and mainland China.

By next year, FPT Semiconductor plans to supply 25 million chips globally to meet diverse needs in telecommunications, IoT, automotive technology, energy, electronics, with Japan, Taiwan, China, and the United States targeted as its key markets.

Aside from providing 'Make-in-Vietnam' chips to foreign markets, FPT aims to become a leading supplier to domestic enterprises, a move that it hopes will help complete the supply chain for Vietnamese companies in need of manufacturing equipment between 2023 and 2025.

Vietnam’s semiconductor industry size is estimated to exceed US$6.16 billion by 2024, FPT Semiconductor said, citing a recent report by U.S. market research company Technavio.

With the mantra 'Chips Made in Vietnam, Made by FPT,' the company is developing and commercializing its chips for both domestic and international markets, including Japan, South Korea, Taiwan, the U.S., Europe, and China, said Nguyen Vinh Quang, CEO of FPT Semiconductor.

As an essential component in electronic devices, integrated semiconductor microchips determine work performance and remarkably influence the cost of all electronic systems, the company said.

Production of integrated semiconductor IC chips has become the mainstay for the development of electronic systems in the context that businesses all over the world are racing to digital transformation and developing their device ecosystems, FPT Semiconductor said in the media release.

Organizations and enterprises in Vietnam’s semiconductor chip industry are mainly concentrated within technical universities or foreign firms that invest in manufacturing plants, according to the company.

Hanoi-based FPT Semiconductor is a chip design and manufacturing company owned by FPT Software, a member company of Vietnam’s tech giant FPT Group.

With a total workforce of over 26,000 people in 27 countries and territories, FPT Software provides comprehensive technology services for over 1,000 global customers, including more than 100 Fortune Global 500 companies, the press release said.

tuoitrenews



RELATED STOCK CODE (2)

NEWS SAME CATEGORY

Vietnam Jan-Sept rice exports at 5.4 mln tonnes, up 19.3% y/y: stats office

Vietnam's rice exports in the January-September period are estimated to have risen about 19.3% from a year earlier to 5.4 million tonnes, government data released...

FPT Software produces Make in Vietnam chips

Vietnam’s semiconductor industry is estimated to exceed $6.16 billion by 2024.

Finance ministry proposes to halve excise, VAT taxes on petrol products

The tax cut is scheduled to take effect in six months, subject to the approval of the Standing Committee of the National Assembly.

Rice companies benefit from rising prices

Rice companies are benefiting from rising rice prices, especially the group of companies with a large export weight of rice.

MoIT drafts mechanism to adjust average retail power price

The Ministry of Industry and Trade (MoIT) is drafting a Prime Minister's Decision on the mechanism for adjusting the average retail electricity price.

Seven enterprises assigned to import more than 100,000 tonnes of sugar

Seven enterprises were assigned tariff quotas with a total volume of 109,000 tonnes at the sugar import auction organised by the Ministry of Industry and Trade.

Low input material price to support profit margins of plastic businesses

Viet Nam is currently heavily dependent on the import of PVC resins - input materials in the construction plastic production chain. In the second half of this year...

Petrol and oil price stabilisation fund requires thorough appraisal

The Government needs to carefully evaluate the effectiveness of the petrol and oil price stabilisation fund in keeping the commodity’s retail prices stable before...

Vietnamese pomelo has large potential for export

Vietnamese pomelo has large potential for expanding exports to demanding markets including the US, the EU and Japan, according to the Viet Nam Trade Promotion...

Prime Minister asked to stabilise rice price

Prime Minister Pham Minh Chinh requested relevant ministries and sectors to grasp the situation and have appropriate solutions to stabilise the market and rice...

Commodity prices


MOST READ


Back To Top