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Vietnam Semiconductor Market is Expected to be Dominated by IT & Telecommunication Sector Until 2028

Increasing demand for chips and rising investments are expected to increase the growth of Vietnam semiconductor market during the forecast period of 2024-2028.

According to TechSci Research report, “Vietnam Semiconductor Market – By Region, Competition Forecast & Opportunities, 2018-2028,” the Vietnam Semiconductor Market is expected to see a considerable growth during the forecast period owing to the following factors such as increasing foreign investments, high emphasis on the production of chips, supporting policies, and increasing demand for smart appliances, etc.

The production of semiconductors in Vietnam signals that foreign companies are supporting the country’s manufacturing sector and driving an increase in the complexity of products made here, which is likely to augment the need for semiconductors all across the country. In addition to this, many of the firms are setting up their high-tech factories in Vietnam owing to the factors including Vietnam’s high-skill, low-wage work force and the country’s geographic proximity to high-tech supply chains in Asia.

Furthermore, many more investments made by foreign and local companies in order to increase their presence in the semiconductor industry in the country are contributing to market growth. For instance, in 2022, Samsung, the biggest foreign direct investor in Vietnam, completed 85% of its research and development center in the country. Another South Korean company, Amkor Technology, in 2022 signed a deal to set up a USD 1.6 billion semiconductor materials manufacturing factory in the northern province of Bac Ninh. In addition, Amkor, a supplier to top electronics companies like Qualcomm, Samsung and NVIDIA, will open the plant by the end of 2023.

Additionally, Intel Products Vietnam Company received a project adjustment investment certificate with an additional investment of USD 475 million to build the most modern chip test and assembling facility in the Ho Chi Minh City Hi-Tech Park, bringing the total investment capital of Intel in Vietnam to USD 1.5 billion.

Hence, all these factors proliferate the growth of Vietnam semiconductor market currently as well as in the coming years.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Vietnam Semiconductor Market

Vietnam Semiconductor Market is segmented on the basis of component, node size, application, type, material type, region and competitive landscape.

On the basis of component, memory devices are expected to dominate the Vietnam semiconductor market because of the growing production of computers and associated devices. Moreover, the two forms of semiconductor memory, random access memory (RAM) and read-only memory (ROM), are in great demand, which is also contributing to the segmental growth. Logic devices, on the other hand, account for a significant portion of the market.

On the basis of application, consumer electronics is expected to dominate the Vietnam semiconductor market because consumer electronics industry is the Vietnam’s increasingly important sector, according to the Ministry of Industry and Trade (MoIT).

On the basis of type, extrinsic semiconductor is expected to dominate the Vietnam semiconductor market because extrinsic semiconductors have many advantages over intrinsic semiconductors, including improved conductivity and low electrical conductivity at normal temperature. In addition, the usage of extrinsic semiconductors in transistors, bipolar transistors, and field-effect transistors has increased demand for extrinsic semiconductors nationwide.

On the basis of material type, silicon is expected to dominate the Vietnam semiconductor market because it is the most common material used for semiconductors as it has high resistance property which makes it suitable for electrical usage. Furthermore, the low cost of extraction, easy to process element and high purity makes it more perfect material as compared to others.

On the basis of region, Northern Vietnam is expected to dominate the Vietnam semiconductor market because semiconductor and consumer electronics companies are clustered in the northern area, especially in Hanoi and Hai Phong.

Major market players operating in the Vietnam Semiconductor Market are:

  • Hitachi Asia (Vietnam) Co., Ltd.
  • Intel Products Vietnam Co. Ltd.
  • Semiconductor Components Industries, LLC
  • Renesas Design Vietnam Co., Ltd.
  • Samsung Electronics Co. Ltd.
  • SK Hynix Asia Pte. Ltd.
  • STMicroelectronics N.V.
  • Texas Instruments Incorporated
  • Broadcom Inc.
  • Toshiba Asia Pacific Pte. Ltd.

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“Over the last couple of years, global semiconductor makers have been betting on Vietnam as their next production destination for the chip industry. The country is preferred by big semiconductor players like Samsung and Intel for its favorable demographics with relatively low labor costs and human resources. Hence, due to these factors the demand for semiconductors is exponentially rising during the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Vietnam Semiconductor Market By Component (Memory Devices, Logic Devices, Analog IC, MPU, MCU, Sensors, Discrete Power Devices, Others), By Node Size (28nm, 40nm, 65nm, 90nm, 120nm, 130nm), By Application (IT & Telecommunication, Defense and Military, Industrial, Consumer Electronics, Automotive, Others), By Type (Intrinsic Semiconductor and Extrinsic Semiconductor), By Material Type (Silicon, Germanium and Gallium Arsenide), By Region, Competition Forecast & Opportunities, 2018-2028, has evaluated the future growth potential of Vietnam semiconductor market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Vietnam semiconductor Market.


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