"The ministry is coordinating with other ministries and agencies to finalise and submit to the Prime Minister the Memorandum of Understanding between the Government of Vietnam and Samsung Group regarding the group's semiconductor manufacturing project in Vietnam."
"If completed, the site could become one of Samsung's key overseas backend semiconductor hubs, potentially its second outside South Korea after China, marking a significant shift in how the company distributes its chip manufacturing operations globally."
"Vietnam has steadily evolved into a strategic manufacturing base for Samsung over the past decade, with the company first investing in the country in 2008 and pouring more than $23 billion into its operations there."
Samsung Electronics is planning a significant investment in semiconductor packaging in Vietnam, potentially totaling $4 billion. The initial phase involves a $2 billion investment in Thai Nguyen province. Vietnam's Ministry of Finance is working on a semiconductor-related agreement with Samsung, focusing on chip testing and packaging. The proposed facility could become a key overseas backend semiconductor hub for Samsung, marking a shift in its global chip manufacturing strategy. Vietnam has become a strategic manufacturing base for Samsung, with over $23 billion invested since 2008.
#samsung-electronics #semiconductor-packaging #vietnam-investment #chip-manufacturing #backend-assembly
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