Infineon Technologies AG, the prominent German global semiconductor solutions provider, has recently unveiled plans to expand its operations in Vietnam. As part of this strategic move, the company is establishing a dedicated electronic chip development team based in Hanoi.
The significant announcement coincides with the official inauguration of Infineon's new office in Hanoi, which can accommodate up to 80 employees. The primary focus of this expansion will revolve around the research and development (R&D) of cutting-edge chip technologies, sales, and marketing.
By the end of this year, Infineon anticipates to have assembled a team of approximately 25 technical experts within the chip development division. This talented workforce will concentrate their efforts on the rigorous testing and fine-tuning of digital, analogue, and integrated circuits, and providing critical support for applications such as autonomous driving, battery monitoring, and power optimisation.
Overseeing these chip development activities in Hanoi is Infineon Technologies Vietnam, a subsidiary of Infineon Technologies Asia-Pacific, emphasising the company's commitment to strengthening its presence in this region.
C.S. Chua, chairman and CEO of Infineon Technologies Asia-Pacific, enthusiastically highlighted Vietnam's emerging significance as a pivotal player within the global electronics industry's value chain, saying, "With a burgeoning and youthful population of nearly 100 million, Vietnam has swiftly transformed into a coveted destination for multinational corporations seeking to tap into a pool of exceptional technical talent."
Hartmut Hiller, deputy CEO of Design and Support Services (DES) at Infineon Technologies AG, said, "The new development centre in Hanoi will facilitate Infineon Technologies' ability to meet the escalating demand for functional testing and customised circuit design, particularly for our industry-leading System-on-Chip (SoC) solutions."
Hiller expressed his confidence that this endeavour will strengthen the local hardware development ecosystem and play a crucial role in ensuring unfettered access to a skilled and proficient workforce.
Indications are that the new Hanoi centre will play a pivotal role in supporting DES's ambitious growth plans. During the initial phase, DES will concentrate on expanding its expertise and capabilities concerning SoC systems, actively seeking out top-notch professionals, specialising in functional testing and custom circuit design.
Hanoi is aiming to solidify its position as an internationally renowned R&D hub, comparable to Infineon's existing prominent centres located in Germany), Austria, India, and Singapore. Infineon's expansion serves as an auspicious sign for Vietnam, underscoring the country's concerted efforts to entice investment and foster the development of its burgeoning semiconductor industry. The Ministry of Planning and Investment has been entrusted with formulating a comprehensive plan to further facilitate this strategic objective.
Infineon Technologies AG is a major global designer, manufacturer and supplier of a broad range of semiconductors used in various microelectronic applications. Infineon's product portfolio consists of logic products, including digital, mixed-signal, and analogue integrated circuits, as well as discrete semiconductor products.
It is currently recognised as Germany's largest semiconductor manufacturer and can trace its origins back to its former parent company, Siemens AG. The semiconductor operations were part of Siemens before being spun off to form Infineon Technologies. This strategic move allowed Infineon to establish itself as an independent entity solely focused on the semiconductor industry, enabling it to innovate and lead the market with its cutting-edge solutions.
| ||Capitalising on semiconductor market |
Among the ASEAN nations, Vietnam possesses unique value propositions to attract semiconductor investment. Timothy Wong, leader for Southeast Asia Industrial Practice, and Dr. Michael Alexander, founder at the Advanced Technology Centre for Roland Berger, analyse Vietnam’s position in semiconductor manufacturing, as well as its advantages and disadvantages.
| ||Scope existing for semiconductor gains |
Vietnam is becoming an Asian hub for global semiconductor manufacturers, as shown by its decent export turnover in the region.
| ||Vietnam's market becomes ray of hope for South Korean semiconductor manufacturers |
Vietnam's emergence as a growing market for South Korean semiconductor manufacturers provides a much-needed boost amidst sluggish chip demand in China.