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Vietnamese semicon market expected to rise 14.3% by 2019

Posted: 08 Apr 2016 ?? ?Print Version ?Bookmark and Share

Keywords:semicon industry? semiconductors? semicon manufacturing? SEA?

Momentum is growing in the semiconductor industry in Vietnam, as it is forecast to grow at a compound annual growth rate (CAGR) of 14.3% over the period of 2014 to 2019. To explore new opportunities and technology further, the electronics supply chain will convene at SEMICON Southeast Asia (SEA) from April 26-28 in Penang, Malaysia, at the Subterranean Penang International Convention and Exhibition Centre (SPICE).

The demand for devices in Vietnam is responsible for its growth, with electronics accounting for 23% of all Vietnam exports in 2014, up from 5% in 2010. The Vietnamese government (Vietnamese Trade Promotion Agency), seeing its potential, is set on making the industry a key development focus. "Foreign Direct Investment" manufactured goods make up a large portion of the electronics export market, with only a small percentage contributed by local Vietnam companies. The electronics industry in Vietnam increased its market share of the electronics industry to 38% in 2014, and with the increasing number of electronic items, Vietnam finds itself at the cusp of being an important electronics exporter within the region.

SEMI, the industry association serving the electronics manufacturing supply chain, will include programs pertinent to Vietnam's semiconductor industry at the upcoming SEMICON SEA 2016, the region's premier showcase for microelectronics innovation.

According to Ng Kai Fai, president of SEMI Southeast Asia, "Forums and discussion sessions during SEMICON SEA 2016 benefit electronic players from Vietnam in terms of technology development as well as the bigger picture of Vietnam's market segment. The conference is an ideal platform for local semiconductor companies and start-ups to learn more about the technology trends that can be applied to Vietnam's electronics growing importance. At the same time, multinational corporations use this event to learn about the Vietnam supply chain, assisting the build-up of a local ecosystem over the long run."

"SEMICON SEA 2016 offers a complete platform for engaging customers, suppliers, engineers and decision-makers from across the industry. With the objective to champion regional collaboration, the showcase will open new business opportunities for customers and foster stronger cross-regional engagement. The event is sold-out for exhibitors for the first-time ever. With 200 global exhibitors and more than 60 industry luminaries presenting at the event, it offers a compelling reason why Vietnamese semiconductor stakeholders should attend this 'don't miss' electronics event," Ng Kai Fai added.

SEMICON SEA 2016 will focus on the key trends and solutions in semiconductor design and manufacturing, including emphasis on serving the needs of expanding applications markets many of which require development of specialised materials, packaging, and test technologies, as well as new architectures and processes.





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