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Update news chip production
High-tech investment is making a splash in Vietnam’s economic landscape, and so the country is emerging as the destination for semiconductor manufacturers, where local players are seemingly leading the way.
In the first eight months of this year, phones and electronic components have the most prominent export turnover in our country, reaching nearly 40 billion USD.
Samsung Electronics Co Ltd (005930.KS) said on Tuesday it planned to invest more than $1 billion by the end of June 2017 to boost production of system chips at its Austin, Texas, facilities in the United States to meet growing demand.
Vietnam and Japan will join hands to develop a semiconductor industry in Vietnam, as stipulated at a cooperation agreement signed between the Integrated Circuit Design Research & Education Centre and Japan’s Nagano science and technology fund.