Bac Ninh stands as a prominent industrial hub in Northern Vietnam, hosting numerous multinational corporations specializing in technology, electronics, and semiconductor manufacturing. Among these giants is the Chinese conglomerate Yangzhou Yangjie Electronic Technology Co., Ltd.
The Micro Components semiconductor plant, a project by Micro Commercial Components (MCC Vietnam) in Bac Ninh, is backed by Yangzhou Yangjie Electronic Technology Co., Ltd. The project received its investment certificate in July 2023, located in Yen Phong II-C Industrial Park, with a total registered capital of $90 million. Construction began in November 2023, focusing on semiconductor device assembly and production.
The facility commenced operations in Q1 2025, entering its first trial production phase. Phase 2 is slated to begin in 2026, with trial operations expected in Q4 2027.
In 2025, the plant achieved exports exceeding $27 million, targeting markets in Europe, the Americas, Japan, South Korea, and China. Key global clients include Tesla, Hyundai, Toyota, GM, Samsung, Philips, LG, and JA Solar.
Chairman of Bac Ninh Provincial People’s Committee, Pham Hoang Son, in discussion with Mr. Chen Rui Sheng.
During a meeting with Bac Ninh provincial leaders, Mr. Chen Rui Sheng, CEO of Yangjie Group, announced plans for a new project in Bac Ninh, focusing on GPP wafer production to supply MCC’s Vietnam plant and the global semiconductor market, with an annual capacity of 2,400,000 wafers.
The additional investment is projected between $30–40 million, marking a significant step in completing the group’s semiconductor supply chain in Vietnam.
Mr. Chen Rui Sheng requested Bac Ninh’s guidance on provincial chemical management, auxiliary construction procedures, stable power supply, and expedited approvals for fire safety and environmental compliance.
In response, the Chairman of the Provincial People’s Committee assured full support for MCC Vietnam’s sustainable operations. For specialized chemicals under provincial jurisdiction, immediate action will be taken, while central government approvals will be expedited.
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The semiconductor industry is a global focal point, experiencing robust growth. The U.S. Semiconductor Industry Association reported a 20% revenue increase in 2024, with projections of 12% growth in 2025, reaching $700 billion by 2025 and $1 trillion by 2030.
In Vietnam, the sector is thriving. Statista forecasts Vietnam’s semiconductor market to hit $24.46 billion by 2025, growing at 13.73% annually, and reaching $46.54 billion by 2030.
Vietnam boasts over 50 chip design firms with 7,000 engineers, 15 companies employing 6,600 engineers and 10,000 technicians in testing and manufacturing, and a global network of 100+ Vietnamese semiconductor experts.
As of November, Vietnam hosts 170 foreign semiconductor projects totaling $11.6 billion, focusing on chip design and testing. Notable players include Intel, Amkor, Hana Micron, Coherent, and VDL.
After $90M Semiconductor Plant, Tesla, Samsung, Hyundai’s Key Partner Set to Invest Additional $30-40M in Vietnam
The CEO of Yangjie Group announced that the company is actively exploring the development of a new project in Bac Ninh Province, Vietnam. This initiative will focus on the production of GPP wafers to support the MCC plant in Vietnam, while also supplying semiconductor wafers to the global market.
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