Signetics will invest 100 million USD in building a semiconductor factory in Ba Thien Industrial Park, Binh Xuyen District, Vinh Phuc Province.
The semiconductor factory will be built on an area of over 5 hectares in Ba Thien Industrial Park - Divison I, Binh Xuyen district, Vinh Phuc province.
The project has a total investment of 100 million USD. It is expected that after completing the legal procedures for investment and construction, the factory will be constructed and put into operation by the end of this year, aiming to have the first product by October 2025.
The project is expected to become a lever to strongly attract Korean investors to Vinh Phuc province.
The semiconductor factory project is a collaboration between Signetics Corporation (South Korea) and CNCTech Group.
Signetics, a subsidiary of Young Poong, one of the largest conglomerates in South Korea, established in 1949. The group operates mainly in mining, electronics, and bookselling industries.
Through strong investment in research and development since 1987, Young Poong has become a major force in the metallurgical industry in South Korea and globally, especially in zinc production, an essential material in the steel, automobile, home appliance, and construction industries.
As a member of Young Poong since 2000, after being acquired from Signetics Corporation, a company headquartered in California, USA, Signetics now primarily focuses on providing semiconductor assembly and testing services.
Signetics' prominent machining products include Flip-Chip, MCM (multi-chip module), BGA, FBGA, etc., which are important components used in the production of memory chips, GPUs, TVs, etc.
CNCTech, on the other hand, is a leading group in Vietnam in the field of supporting industrial production; additionally, it is a major investor and developer of industrial infrastructure in Vinh Phuc province, with a total industrial land fund of more than 600 hectares.
In the field of industrial infrastructure services, the group provides comprehensive industrial solutions for investors, such as: legal support for foreign investors in Vietnam; a full design and construction package; support for importing equipment; and human resource recruitment.
