HCMC – South Korea’s Amkor Technology will develop a semiconductor manufacturing, assembly and testing plant in Bac Ninh Province, with total capital of US$1.6 billion.
An investment registration certificate was presented to the South Korean group by the Bac Ninh government during Vietnam’s National Assembly Chairman Vuong Dinh Hue’s official visit to South Korea, which was wrapped up yesterday, December 15.
The semiconductor plant will cover over 230,870 square meters of land at the Yen Phong II-C Industrial Park in the province, the local media reported.
The project will get off the ground in the first quarter of 2022 and be put into operation in late 2023.
In the first five years of its operation, Amkor Technology will pour some US$520 million to provide the world’s leading electronics and semiconductor producers with assembly and testing solutions of its System in Package technology.
Amkor Technology is one of the world’s largest providers of outsourced semiconductor packaging, design and test services.
In Vietnam, the semiconducting industry is considered a boost for the development of other industries, contributing to economic growth.