HANOI ― Foreign companies are expanding capacity in Vietnam for testing and packaging chips while domestic firms are eyeing investments, as a shifting of industrial activity away from China gathers pace due to trade tensions with the West, executives said.
The semiconductor back-end manufacturing sector, which is less capital-intensive than more strategic front-end chipmaking in foundries, is currently dominated by China and Taiwan, but Vietnam is among the fastest-growing countries in the $95 billion segment.Hana Micron's vice president for Vietnam , Cho Hyung Rae, told Reuters the company was expanding in the Southeast Asian country to meet requests from industrial clients who wanted to have some production capacity moved away from China.
Vietnam's growth in the back-end segment of the chips industry has been encouraged by the Biden administration amid growing trade tensions between Washington and Beijing, which may further escalate with the second presidency of Donald Trump.
Expands Chip Packaging Footprint
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Prabowo to visit China in first foreign tour(UPDATE) BEIJING — Indonesian President Prabowo Subianto will travel to China this week, Beijing's foreign ministry said Tuesday, on his first foreign tour as he seeks a more prominent position for Jakarta globally.
Read more »
Vietnam has lost lives in clashes with China over its maritime disputeThese have not led to war
Read more »
China warns of deep-sea spying devices, underwater 'lighthouses' that guide foreign submarinesLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Vietnam elects General Luong Cuong as president amid political turbulence | Aniruddha GhosalHANOI, Vietnam—Vietnam elected Luong Cuong, a military general, as its new president on Monday, the fourth official to fill the role in 18 months.
Read more »
China best supply chain partner for global firmsCHINA remains the best supply chain partner for many multinational businesses, with many holding favorable views of China's latest policy measures related to foreign investment and attending major expos in China, deputy head of China's top trade promotion agency said on Monday, while slamming the US and EU's restrictive measures against China.
Read more »
West blasts China on rights, China responds: What about Gaza?Latest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »