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% of global sales.
FPT Semiconductor released its first integrated circuits (ICs), designed in Vietnam and manufactured in South Korea, in August. These ICs will be used in Internet of Things (IoT) medical devices.
By next year, 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.
According to a Technavio report, Vietnam’s semiconductor industry is estimated to exceed 6.1 billion USD by 2024.
Source: VOV5