Vietnam’s FPT Software launches chipmaking subsidiary; Produces first semiconductor chips
FPT Software aims to tap into Asia Pacific’s semiconductor market which accounts for 60 percent of global semiconductor sales. FPT Tower – FPT Corporation’s headquarter in Hanoi, Vietnam. 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. Through the new subsidiary, FPT Software aims to gain a slice of Asia Pacific’s semiconductor market which accounts for 60 percent of global sales[3]. IDC projects that worldwide semiconductor revenue will reach $661 billion in 2022, an increase of 13.7 percent over 2021[4]. FPT Semiconductor released its first integrated circuits (ICs), which were designed in Vietnam and manufactured in South Korea, in August 2022.These ICs will be used in Internet of Things (IoT) medical devices. By 2023, FPT Semiconductor plans to supply 25 million chips globally in seven types to meet diverse needs in telecommunications, IoT, automotive technology, energy, electronics, and others. “We look forward to contributing to the development of the fast-growing semiconductor industry in Vietnam and Asia on a broader scale,” said FPT Semiconductor’s Founder & Chief Executive Officer Nguyen Vinh Quang. “FPT Semiconductor looks to become the chip supplier of choice for businesses in Vietnam and further in Japan, Korea, Taiwan, China, the United States, and Europe” he said. After 23 years of leadership in IT services and solutions in Vietnam, FPT Software decided to venture into fabless manufacturing. With the establishment of FPT Semiconductor, FPT Software continues to extend its comprehensive ecosystem of digital transformation services and solutions. Building on the global presence and years of experience across various domains, FPT Software hopes to accompany clients with consulting and implementing tailor-made solutions, and now with supplying semiconductor components added to its portfolio. “We are proud that the whole research and development […]