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Lam Research Plans to Invest Billions of USD in Constructing Semiconductor Plant in Vietnam


In a meeting with the Vietnam Prime Minister – Pham Minh Chinh, held on March 20, a senior vice president of Lam Research expressed the desire to construct a semiconductor plant and advance the supply chain in phase 1 in Vietnam, with an investment ranging from 1 – 2 billion USD.

Lam Research’s efforts to expand and diversify the semiconductor supply chain

Lam Research Corporation (USA), among the leading semiconductor manufacturing equipment suppliers, has announced plans to invest billions of USD in building an advanced semiconductor plant in Vietnam. This effort aims to promote diversification of the company’s global supply chain in the Asian region.

In the meeting on March 20th with Prime Minister Pham Minh Chinh, Mr. Karthik Rammohan, the Senior Vice President of Lam Research, mentioned the corporation’s intention to collaborate with Seojin System Co., a South Korean conglomerate, to expand the potential of the semiconductor supply chain in Vietnam in phase 1, laying the foundation for Lam Research to continue direct investment and operations in Vietnam.

Semiconductor Plant

Prime Minister Pham Minh Chinh and the Senior Vice President of Lam Research discuss their plan to construct a semiconductor plant in Vietnam (Source: VnExpress)

This project reflects Lam Research’s goal of enhancing its technological capabilities and meeting the increasing global demand for advanced semiconductor solutions. By establishing an advanced semiconductor manufacturing hub in Vietnam, Lam Research aims to leverage the skilled workforce and favorable business environment of Vietnam to drive innovation and growth.

During the meeting, Prime Minister Pham Minh Chinh also emphasized that the United States and South Korea are Vietnam’s strategic partners, especially in the science and technology sector.

Vietnam – A Promising Semiconductor Destination

Vietnam is currently considered one of the promising semiconductor destinations, with a rapidly developing semiconductor ecosystem. Stable economic growth, strong investment in education and technical workforce training, along with attractive foreign investment incentives are the key factors make Vietnam attract the attention of large technology/ semiconductor corporations, including Samsung, Intel, Foxconn,…

Semiconductor Plant

According to the Prime Minister, Vietnam is in a development and training phase to possess 50,000-100,000 semiconductor engineers by 2023, to meet market demand. Facing a shortage of highly qualified semiconductor personnel, Vietnam is focusing on talent development through education and training programs investment, equipping human resources with necessary specialized skills. Among that, cooperation between enterprises and educational institutions plays a crucial role in ensuring a continuous supply of talent.

Amidst the dynamic foreign direct investment (FDI) market, the Vietnamese government also has set out regulations and policies to develop infrastructure and supply networks, enhance international cooperation, and create favorable conditions for semiconductor industry development and investment, constructing semiconductor plants in Vietnam. This lays the foundation for sustainable development and enhances the competitiveness of the Vietnamese semiconductor industry in the global market.

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