Semiconductor giants to gather at SEMIExpo Vietnam 2024

Press meeting on SEMIExpo Vietnam 2024. Photo: MPI

The first expo on the semiconductor industry, which will gather more than 3,000 member companies, and 1.5 million professionals in the semiconductor and electronics design, manufacturing, and supply chains worldwide, aims to strengthen international cooperation.

It will also look to mobilise resources and connect investment opportunities between domestic and foreign businesses.

At a press meeting on October 23, NIC's director general, Vu Quoc Huy, said that the semiconductor industry is the core of the electronics industry, responsible for creating microchips and electronic components to manufacture complex products.

To diversify the supply chain after the COVID-19 pandemic and complicated geopolitical movements, as well as to take advantage of abundant affordable human resources, companies are moving to Asia.

Vu Quoc Huy, NIC director general. Photo: NIC

"The exhibition is the ministry's proactive step in implementing the tasks outlined in the government's Semiconductor Industry Development Strategy and Human Resources Development Programme," Huy said.

"It will provide opportunities for business connections and access to the supply chain between Vietnamese and international enterprises, thereby promoting Vietnam's participation in the global value chain," he added. "This also aims to develop the ancillary industry ecosystem and attract investment from leading global semiconductor makers."

Linda Tan, president of SEMI SEA, said that SEMIExpo Vietnam 2024 is a significant event for the country as it continues to emerge in the global semiconductor supply chain. She added that with strong government support and a focus on building a robust semiconductor ecosystem, Vietnam is poised to make significant contributions to the global supply chain.

“This event supports collaboration, innovation, and strategic partnerships. SEMI hopes to facilitate the next growth phase for the semiconductor industry in Vietnam and the broader Southeast Asia region,” Tan affirmed.

Linda Tan, president of SEMI SEA. Photo: NIC

SEMIExpo Vietnam 2024 is expected to see the participation of major semiconductor technology corporations, such as Global Foundries, Amkor, AMD, Lam Research, Coherent, Cadence, KLA, Synopsys, Intel, Marvell, Onsemi Qorvo, and FPT.

SEMIExpo Vietnam 2024 will provide insights into the latest global technology trends in the semiconductor sector, including AI applications in chip design, and engage in dialogue with government agencies to develop the industry's ecosystem and workforce.

According to the Global Semiconductor Alliance, Vietnam's semiconductor market is expected to reach $7 billion by 2028, with a compound annual growth rate of about 6.7 per cent from 2023-2028.

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