Vietnam Semiconductor Market: Analysis of Size, Share, and Growth Trends

Vietnam Semiconductor Market: Analysis of Size, Share, and Growth Trends

May 02, 2024

The TechSci Research report on the "Vietnam Semiconductor Market – By Region, Competition Forecast & Opportunities, 2018-2028," highlights the significant growth expected in the Vietnam semiconductor market due to various factors such as increasing foreign investments, emphasis on chip production, supportive policies, and rising demand for smart appliances. Several key developments and investments by both foreign and local companies further contribute to the market's expansion, indicating a promising outlook for the semiconductor industry in Vietnam.

Foreign investments in Vietnam's manufacturing sector, particularly in the production of semiconductors, underscore the country's growing importance as a manufacturing hub. Factors such as Vietnam's skilled yet cost-effective workforce and its proximity to high-tech supply chains in Asia attract foreign companies to establish high-tech factories in the country. Investments by industry giants like Samsung and Intel, as well as collaborations with local companies, are driving the complexity and scale of semiconductor production in Vietnam.

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For example, Samsung, one of the largest foreign investors in Vietnam, has made substantial progress in setting up a research and development center in the country. Similarly, Amkor Technology, a South Korean company, has announced plans to establish a semiconductor materials manufacturing factory in Vietnam, further boosting the country's semiconductor industry. Intel Products Vietnam Company is also expanding its presence by investing in modern chip test and assembly facilities in Vietnam.

The segmentation of the Vietnam semiconductor market includes components, node size, application, type, material type, region, and competitive landscape. Memory devices are expected to dominate the market, driven by the growing production of computers and associated devices. Consumer electronics is anticipated to lead in terms of application, reflecting the sector's increasing importance in Vietnam. Extrinsic semiconductors, particularly silicon, are expected to dominate the market due to their advantages in conductivity and usage in various electronic devices.

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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Regionally, Northern Vietnam, particularly Hanoi and Hai Phong, is expected to dominate the semiconductor market due to the clustering of semiconductor and consumer electronics companies in the region.

Overall, the TechSci Research report provides valuable insights into the Vietnam semiconductor market, highlighting key trends, drivers, challenges, and opportunities for stakeholders. With the semiconductor industry witnessing significant growth in Vietnam, the report aims to guide decision-makers in making informed investment decisions and strategic planning for the future.

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