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Local and foreign chip manufacturers flee China, expand in Vietnam — companies move to Southeast Asia as US-China tensions simmer
Is Vietnam the next semiconductor superpower?
Hana Micron, a South Korean firm specializing in assembly, testing, and packaging (ATP) of semiconductors, is expanding its presence in Vietnam after some of its customers requested the company move production away from China. Because of this, Reuters reports, the company is investing 1.3 trillion South Korean Won (approximately $923.5 million) for the next couple of years to boost its packaging output of legacy memory chips. Beijing and Washington trade words and sanctions over global and regional strategic goals, including a race in semiconductor manufacturing and AI technologies.
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