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Thursday, December 2, 2021

Bac Ninh attracts semiconductor manufacturing project worth US$1.6 billion

The Saigon Times

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HCMC – South Korea’s Amkor Technology, Inc. will invest US$1.6 billion in Bac Ninh Province from now until 2035 to develop a plant to manufacture, assemble and test semiconductors, the provincial government announced on November 5.

The South Korean firm will begin work on the first phase of its plant, covering an area of 23 hectares at the Yen Phong II-C Industrial Park, in the first quarter of next year, the local media reported.

In the first quarter of 2022 and the first five years, the firm will pour US$520 million into Advanced System-in-Package assembly and test solutions for the world’s leading electronics and semiconductor manufacturers.

The Bac Ninh government pledged to offer the best support to the leading provider of semiconductor packaging and test services to put the project into operation on schedule.

Statistics on foreign investment from the provincial Department of Planning and Investment indicated that Bac Ninh Province had granted new licenses to 108 projects with total registered capital of over US$535 million in the year to October 18.

In addition, 76 existing projects added a combined US$132 million during the period, while foreign investors also conducted 66 transactions to contribute funds and acquire shares in local firms with total capital of over US$145 million. The province also revoked 35 projects worth over US$223 million.

As of October 18, Bac Ninh Province had licensed 1,704 valid foreign projects valued at more than US$20.4 billion.

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