Amkor Technology Vietnam Exports First Batch of Products
The Standing Committee of the Provincial Party Committee of Bac Ninh province recently paid a visit to Amkor Technology Vietnam in Yen Phong II-C Industrial Park.
Amkor Group, a pioneer in semiconductor manufacturing globally, was established simultaneously in the USA and South Korea. In November 2021, the Korean Amkor Group decided to invest in a factory for the production, assembly, and testing of semiconductor materials and equipment in Yen Phong II-C Industrial Park, Yen Phong district, Bac Ninh province – the smallest province in Vietnam by area.
The project, with a total investment of up to USD 1.6 billion by 2035, has a planned area of about 23 hectares. This is the largest semiconductor factory of the Amkor Group in the world, located in Bac Ninh. The first phase involves an investment of approximately USD 530 million, focusing on providing advanced System-in-Package (SiP) assembly and testing solutions for leading global electronics and semiconductor companies.
Since its official operation in August 2024, the company has agreed with four customers and exported its first batch of products. They are also in negotiations with six potential customers for new projects. The company currently employs over 1,061 staff, 938 of whom are Vietnamese. By 2035, the company is expected to provide jobs for approximately 10,000 workers.
Up to now, about 200 global customers have visited the factory and discussed cooperation possibilities. These customers have highly appreciated the company’s infrastructure and human resource training quality.
During the visit, the leadership of Amkor Technology Vietnam requested the provincial leaders to facilitate a shortcut to the company’s main entrance and soon construct a dormitory for employees. They also sought support for the import of some semiconductor training equipment and machinery.
In response to these requests, the Secretary of the Provincial Party Committee, Nguyen Anh Tuan, instructed the Industrial Park Management Board to coordinate with the Department of Transport and Viglacera Infrastructure Company to survey the site and complete the separation to create a convenient path for the company by September 2024. At the same time, the province will direct the departments to select investors to soon build social housing and dormitories for the company’s employees.
Prospects for the Semiconductor Industry
According to the World Semiconductor Trade Statistics (WSTS), the global semiconductor market is expected to grow by 13.1% in 2024, reaching a record high of USD 588.36 billion. Meanwhile, the Boston Consulting Group (BCG) research shows that the global semiconductor industry grew by 13% annually from 2001 to 2021, reaching a scale of about USD 600 billion, and is projected to reach USD 1,000 billion by 2030.
Illustration by AI
As one of the most important industries, countries worldwide have plans to develop semiconductor manufacturing. Vietnam is no exception to this trend.
In the past, the Ministry of Planning and Investment has been focusing on investing in the formation of this high-tech industry. One such plan is to train 50,000 semiconductor engineers by 2030.
To achieve this goal, the National Innovation Center (NIC) has signed cooperation agreements with the two largest US chip design companies, Synopsys and Cadence, to establish research and incubation centers for semiconductor circuit design. They also collaborate with more than 30 prominent domestic and international universities and research institutes to implement human resource training programs.
In parallel, NIC has coordinated with SunEdu Company, Arizona State University, and the Cadence Group to organize specialized training courses on circuit design for lecturers and engineers who want to improve their expertise at NIC facilities.
Many global corporations have also chosen Vietnam as the destination for their factories, testifying to the country’s appeal in this industry.
According to Mr. Nguyen Chi Dung, Minister of Planning and Investment: “Many large corporations and businesses in the electronics and semiconductor industries have already established a presence in Vietnam and are planning to expand their investments, including Intel, Samsung, Synopsys, Qualcomm, Infineon, and Amkor. This demonstrates Vietnam’s crucial and increasingly important role in the global semiconductor supply chain.”
The Minister also expressed his hope that, in the not-so-distant future, Vietnam will become a trusted partner and an essential link in the global semiconductor value chain.
Crafting Compelling Copy: The Amkor Advantage, Immediate Solutions for Bac Ninh’s Prosperity.
The Bac Ninh Provincial People’s Committee Portal reports that a working delegation of the Provincial Party Committee, led by Mr. Nguyen Anh Tuan, Member of the Party Central Committee, Secretary of the Provincial Party Committee, and Head of the Provincial National Assembly Delegation, visited and worked with Amkor Technology Vietnam in Yen Phong II-C Industrial Park.
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