Government and private firms should pay more attention to the long-term development of the semiconductor industry.— VNA/VNS Photo That the integrated circuit market in Viet Nam has huge potential, but no significant action for its development has been taken recently, is experts' scathing verdict. In 2013 HCM City became the first locality to launch an IC development programme at a cost of VND7.5 trillion. It was expected that by 2017 its IC industry would have revenues of US$100-150 million and at least five electronics multinationals investing in Viet Nam, trained 2,000 engineers and technicians and incubated over 30 domestic technology firms. After the establishment of the HCM City Semiconductor Industry Association, many activities related to the 2013-2020 HCM City IC Industry Development Programme were carried out, raising high hopes in the industry. Agreements were signed between key agencies and the Ministry of National Defence, the HCM City Information and Communication Department and ICDREC (Integrated Circuit Design Research & Education Center) for human resource training and research and development of IC products. In 2013-17 city authorities allocated VND68 billion (nearly US$3 million) to fund 18 research and trial production projects. Soon afterwards many products were launched with the SG-8V microchip, including… Read full this story
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