South Korea’s semiconductor powerhouse, Signetics, has announced plans to establish a $100 million manufacturing facility in Vinh Phuc Province, Vietnam. The new factory, set to commence operations in October 2025, will support major South Korean conglomerates Samsung and SK by producing essential semiconductor components.
The agreement for this significant investment was formalized on Wednesday between Signetics and CNCTech, a local industrial park developer renowned for its extensive portfolio of over 600 hectares of industrial real estate. The new facility, located in the Ba Thien I Industrial Park, will span five hectares and focus on the production of advanced components such as flip-chips, MCM, BGA, and FBGA. These components are critical for memory chips, graphics processing units (GPUs), and televisions.
At the signing ceremony, Vinh Phuc Chairman Tran Duy Dong highlighted South Korea as the province’s leading foreign investor, both in terms of investment volume and project count. He emphasized the importance of facilitating administrative procedures and utility services to support this major investment. Chairman Dong also encouraged Young Poong, the parent company of Signetics, to pursue additional high-tech investments in the region.
As of July 2024, Vinh Phuc Province has attracted $7.33 billion in foreign direct investment (FDI) across 555 active projects, with South Korea emerging as the top investor. South Korean entities have initiated 238 projects, contributing over $3 billion in registered capital, according to the Ministry of Planning and Investment.
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