Viet Nam attracts world microchip producers

Vietnam is becoming a magnet for international circuit (IC) designers and producers, according to Renesas, a leading world technology company that has just put forward a plan to build a design centre in Viet Nam with STMicroelectronics.

Vietnam is becoming a magnet for international circuit (IC) designers and producers, according to Renesas, a leading world technology company that has just put forward a plan to build a design centre in Viet Nam with STMicroelectronics.

“We were the first semiconductor company to establish an R&D centre in Viet Nam so we had the luxury of having the pick of the best engineers,” Renesas Chief Executive Officer Satoru Ito was quoted by t he UK-based ElectronicsWeekly.com news website as saying.

The company’s design centre in Viet Nam will focus on satellite TV applications and system-on-chip (SoC) design for the worldwide market . It will employ around 500 engineers next year.

Ito said his company decided to invest in Viet Nam because it is more cost-effective than other countries in the region and will for a long time.

STMicroelectronics said it intends to set up training courses for Vietnamese engineers

(Source: VNA)