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.
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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.
Contact
Mr. Ken Mathews
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Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com