Sci-Tech

FPT Software produces made in Vietnam chips

Vietnam’s leading ICT company FPT Software has launched a new subsidiary, FPT Semiconductor, marking a key milestone for the company as it enters the booming semiconductor industry.
FPT Software produces made in Vietnam chips ảnh 1The first sample of chip made by FPT semiconductor. (Photo courtersy of FPT)
Hanoi (VNS/VNA) - Vietnam’s leading ICT company FPT Software haslaunched a new subsidiary, FPT Semiconductor, marking a key milestone for thecompany as it enters the booming semiconductor industry.

Through the new subsidiary, FPT Software aims to gain a slice of Asia Pacific’ssemiconductor market which accounts for 60% of global sales.

FPT Semiconductor released its first integrated circuits (ICs), designed in Vietnamand manufactured in the Republic of Korea, in August 2022. These ICs will beused in Internet of Things (IoT) medical devices.

By 2023, FPT Semiconductor plans to supply 25 million chips globally in seventypes to meet diverse needs in telecommunications, IoT, automotive technology,energy, electronics, and others.

According to a Technavio report, Vietnam's semiconductor industry is estimatedto exceed 6.16 billion USD by 2024. FPT Semiconductor aims to become a supplierof Vietnamese brand chips for domestic companies and corporations.

The enterprise's first customer and current strategic partner coordinate thedistribution of FPT Semiconductor's chip products in the markets of Australia,Taiwan, and mainland China.

FPT Semiconductor intends to deploy and supply "Make in Vietnam"chips to domestic corporations to develop sustainably and complete the supplychain of manufacturing equipment for users in Vietnam between 2023 and 2025.

Semiconductors are a vital component for many industries, from consumerelectronics to aerospace and have been in high demand since the pandemic.Further advancements in semiconductor technology will be essential tofacilitate a new wave of transformative technologies, including ArtificialIntelligence (AI), 5G, autonomous electric vehicles and IoT solutions 3.

According to Gartner, the global semiconductor IC industry will generate nearly600 billion USD in revenue by 2021. The number of organisations and enterprisesin the semiconductor chip industry in Vietnam is primarily concentrated intechnical universities or foreign enterprises investing in manufacturingplants.

FPT Software continues to improve the ecosystem of services and products andcomprehensive digital transformation technology solutions, marking asignificant milestone in the development journey of Southeast Asia's leadingtechnology company. Enterprises assist partners in consulting, deploying, and"tailoring" technology solutions to customer needs, as well asmaintaining, upgrading, and supplying semiconductor components./.
VNA
#FPT#FPT Software#FPT Semiconductor#semiconductor#integrated circuits#Internet of Things#chips#Artificial Intelligence#updated Vietnam news#Vietnamplus#Vietnam News Agency
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