Chipmakers Flee China, Shift to Vietnam Amid US-China Heat

Quick Summary:

The back-end segment of the chip industry, involving testing, assembly and packaging, is booming in Vietnam as companies shift away from China

The post Chipmakers Flee China, Shift to Vietnam Amid US-China Heat appeared first on Asia Financial.

Viettel, a state-owned defence and telecoms company, plans to build Vietnam’s first foundry, two company sources said, to meet the government’s ambitious goal of having at least one fab online by 2030.

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Article Details

Author / Journalist: Jim Pollard

Category: InvestingBusiness

Markets: Hong KongAustraliaChinaSouth KoreaTaiwanThailandVietnam

Topics: World Semiconductors Southeast Asia ESG China-US Economic Ties Fintech Insights Market Insights Fintech Asia

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 11:49:01 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 518 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Asia Financial

News ID: 23570251

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