The People’s Committee of Vietnam’s northern province of Bac Ninh province on November 5 signed a contract with a US company on the opening of a semiconductor manufacturing plant, building a super factory in the province with a total project cost of more than $1.6 billion dollars.
Vietnam’s state-controlled media reported that the People’s Committee of Bac Ninh province and Amkor Technology Company had just held a ceremony to sign an agreement to develop a plant project for manufacturing, assembling, and testing semiconductor materials in the Yen Phong Industry II-C.
Amkor Company expects total investment capital by 2035 to be $1.6 billion on a total area of more than 23 hectares, of which the first phase of the project is about $520 million and will be disbursed within five years from the date of issuance of the investment registration certificate. The project is expected to start construction in the first quarter of 2022.
Amkor Company, founded in 1968, is one of the world’s largest providers of outsourced semiconductor packaging and testing services, headquartered in the United States. It is one of the leading companies in the field of packaging processing and testing of electronic circuits.