Vietnamese technology company FPT produced the country’s first semiconductor chips

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HANOI, Sept 28 (Reuters) – FPT Semiconductor, Vietnam’s leading technology company FPT ( FPT.HM ) on Wednesday launched its first line of semiconductor chips used in medical devices, as part of the company’s efforts to enter a competitive global industry. . .

In a statement, the company said it aims to supply 25 million chips globally by 2023, and is looking to make Japan, Taiwan, China and the United States key markets for high-demand chips used in everything from consumer electronics to aerospace. Due to supply chain disruptions since the outbreak.

Global semiconductor makers have been betting on China as an alternative production destination in recent years in the Southeast Asian country, already a major regional manufacturing hub.

Samsung ( 009150.KS ) said earlier this year it will begin manufacturing semiconductor components in Vietnam in July 2023 after investing $920 million in a factory in the northern Thai province. Intel has increased its investment in Vietnam chip by 50% by 2021.

Vietnam’s total chip production in 2015 It has the potential to grow to a $1.65 billion industry by 2025, according to a report released in August by US market research firm Technavio.

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Reporting by Phuong Nguyen; Editing by Kanpriya Kapoor

Our Standards: The Thomson Reuters Trust Principles.

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