The HCMC Semiconductor Industry Association (HSIA) signed a memorandum of understanding (MoU) on cooperation with Semiconductor Equipment & Materials International (SEMI) on Wednesday to facilitate development of the city’s semiconductor industry. The cooperation will help HSIA members to expand their international networks, since SEMI has nearly 1,800 members who are multinational enterprises and groups in the electronic and semiconductor chip sectors. SEMI will supply Vietnamese enterprises with booths at the annual international fair SEMICONS Singapore, help local firms in manpower training and providing training courses for universities and training centers.
Richard Salsman, vice president and CFO of SEMI, said that SEMI through the cooperation will help HSIA members to expand their international networks.
According to the MoU, the two sides will boost cooperation in information exchange and investment in the electronic and chip industry. Member enterprises of both sides will also join hands in research, development, production and distribution of chip products and services by participating in international fairs in Vietnam and elsewhere.
The MoU was signed at the Vietnam Semiconductor Strategy Summit. Over 50 leaders of local and international enterprises and groups joined the three-day event, which wrapped up on Wednesday in the city.
The SEMI® Vietnam Semiconductor Strategy Summit was the first international conference to bring together executives of the world’s leading microelectronics companies with delegates representing Vietnamese government, academia, research, and industry to explore and discuss the key strategies, challenges, and opportunities in growing the Vietnam semiconductor industry. The event brought together the key decision-makers shaping the future of the industry in Vietnam and helped forge the connections and relationships that will drive growth over the next decade and beyond.
Both the Vietnamese and Ho Chi Minh City governments have made investment in semiconductor manufacturing a priority, with plans to build a new chip manufacturing facility at the Saigon Hi-Tech Park (SHTP). Advancing the semiconductor industry in Vietnam will, however, require more than financial investment. Development of the local supply chain, allocation of water and energy resources, development of a skilled workforce, partnerships with established microelectronic markets, and other needs must also be addressed.