Vietnam Wafer JSC has just held its second annual general meeting for the 2024 financial year. At the meeting, the Company approved the election of new board members and the re-election of current members. Mr. Thomas George Forsberg, former global procurement director of IBM Corporation, is now officially the Chairman of the Board.
With over 35 years of experience, Mr. Thomas George Forsberg is an expert in developing and executing strategies to secure a stable supply of 200 and 300-mm silicon wafers for IBM’s semiconductor manufacturing processes.
Vietnam Wafer is the only company in Vietnam that provides semiconductor wafers to chip and solar panel manufacturers in the region.
Wafer, or silicon semiconductor, is the core physical component in semiconductor chip production. It serves as the canvas on which the chip’s constituent elements are etched. Wafer manufacturing, also known as wafer processing, is the first step in the chip manufacturing process.
Mr. Chau Hoang Long, Executive Director of Vietnam Wafer, cited data from Boston Consulting Group Vietnam (BCG) stating that the global semiconductor market is expected to grow by double digits in the coming years, reaching $1 trillion by 2030.
“Vietnam has key advantages to seize this opportunity with the involvement of stakeholders, attract investment, and develop a sustainable ecosystem,” he said.
Image: Semiconductor Production and Applications
In addition to its representative office in Hanoi, a factory in Quang Binh, and an R&D center in Ho Chi Minh City, Vietnam Wafer has established a direct presence in four international markets: Japan, South Korea, the United States, and Vietnam, through subsidiaries and representative offices. So far this year, the company has established a subsidiary in Japan (Vietnam Wafer Japan), along with representative offices in the US (Virginia) and South Korea (Incheon).
The shareholders’ meeting approved an increase in the number of board members from seven to nine and specified the board structure by adding two independent directors.
The Semiconductor Industry: Nurturing Quality Engineers from the Get-Go.
Danang is poised to revolutionize its economic and social landscape, with a strategic focus on the semiconductor industry as a key driver of growth. The city recognizes the immense potential of this sector to propel it towards a future of innovation and prosperity.
The World’s Largest Chipmaker’s Exclusive Asian Venture: Vietnam’s Once-in-a-Lifetime Opportunity.
“Mr. Nguyen Tu Quang believes that if TSMC claims they lack manpower, Vietnam should not hesitate to call its best engineers home. Instead of luring them with money, Vietnam should appeal to their patriotism and long-term sustainable advantages.”
“Solidifying the Vietnam-US Alliance: Advancing Semiconductor and AI Innovations.”
The cooperation agreement was solidified during Minister of Planning and Investment, Nguyen Chi Dung’s official visit to the United States, which took place over several days from the 22nd to the 26th of June.
Highest Incentive Applies to Semiconductor Investment Project
Vietnam is exploring special mechanisms with attractive incentives for corporations, companies, especially technology companies, semiconductor, electronics, and chip industries. These are currently receiving the best incentives. This was affirmed by Mr. Do Thanh Trung – Deputy Minister of Planning and Investment, at the regular Government press conference in April, which took place on the afternoon of May 4th.
Training Semiconductor Workers in Vietnam: The Basics Are Not Enough
In Vietnam, the topic of semiconductor chips has heated up since the Joint Statement on a Comprehensive Strategic Partnership between Vietnam and the US in late 2023, and Vietnam has identified the semiconductor industry as one of nine key domestic products.
