Vietnam's semiconductor market predicted to reach $8.1 billion by 2028

The report reveals that semiconductor materials are extensively used in different industries across Vietnam, and its market size reached $3.8 billion in 2022.

As the demand for electronic devices continues to grow globally, manufacturing facilities need to increase their production volumes to meet consumer needs. This surge in production requires a proportional increase in semiconductor materials to fabricate the necessary electronic components.

Moreover, to maintain a competitive edge, electronics manufacturers frequently adopt the latest technologies, which often require new materials with enhanced properties.

In addition, Vietnamese semiconductor companies are incorporating 3D packaging to stay competitive in the market. The adoption of these technologies, such as through-silicon vias and stacked die configurations, has improved the performance and energy efficiency of semiconductor devices. These innovations enable the integration of multiple chips into a single package, reducing the form factor and enhancing functionality.

Moreover, technological advancements have led to the development of cutting-edge semiconductor materials like gallium nitride and silicon carbide. These materials offer superior electrical and thermal properties, making them ideal for high-performance applications in power electronics, wireless communications, and the automotive sector. Vietnamese semiconductor manufacturers are leveraging these materials to create more efficient and reliable devices.

As Vietnam's electronics manufacturing sector focuses on exports, semiconductor materials suppliers can tap into a global market through partnerships with local producers. This presents an opportunity for suppliers to cater to international demand while benefiting from Vietnam's competitive manufacturing landscape.

With growing awareness of environmental sustainability, there is an opportunity for suppliers to offer eco-friendly semiconductor materials. Materials with reduced environmental impact, such as lead-free solders and green packaging materials, align with global sustainability trends and are set to gain traction in Vietnam.

Semiconductor goals building up steam Vietnam is becoming a crucial link in the global semiconductor supply chains thanks to its comparative advantages and ongoing plans for human resource development.

Vietnam’s infrastructure ready for semiconductor industry A roundtable on Vietnam’s infrastructure readiness for semiconductor industry in Vietnam was organised by the Ministry of Planning and Investment (MPI) in collaboration with the National Innovation Centre (NIC) and the US Semiconductor Industry Association (SIA) in Hanoi on December 7.

US semiconductor firms double down on investments in Vietnam Vietnam's growing significance in the global semiconductor supply chain was the focus of a recent seminar in Hanoi, led by the US Semiconductor Industry Association (SIA). The event, organised by Vietnam's Ministry of Planning and Investment on December 7, underscored the nation's expanding influence in the high-tech sector.