Politics

Da Nang to promote semiconductor cooperation with US: Official

Standing Vice Chairman of the People’s Committee of the central city of Da Nang Ho Ky Minh on March 26 hosted a reception for US Consul General in Ho Chi Minh City Susan Burns, during which he expressed his hope for stronger cooperation with the US in the semiconductor industry.
Da Nang to promote semiconductor cooperation with US: Official ảnh 1Standing Vice Chairman of the People’s Committee of the central city of Da Nang Ho Ky Minh hosts a reception for US Consul General in Ho Chi Minh City Susan Burns on March 26. (Photo: VNA)
Da Nang (VNA) – Standing Vice Chairman of thePeople’s Committee of the central city of Da Nang Ho Ky Minh on March 26 hosted a reception for US Consul General in Ho Chi Minh City Susan Burns, during which he expressed his hope for stronger cooperation with the US in the semiconductor industry.

Minh said that in March, Da Nang's leaders made a working tripto the US, during which they worked with many organisations and businesses topropose cooperation in human resources training programmes for Da Nang andintroduced the city’s business environment as well as policies to attractinvestment in the semiconductor industry.

On March 26, Da Nang launched a training course on semiconductorintegrated circuit (IC) with the support from the US’s Synopsys company, he noted, adding that this is a step forward in developing the contents of the memorandum ofunderstanding between the city and Synopsys on cooperation in the field ofsemiconductors.

Minh said the city hoped that the US Consulate General inHCM City will assist Da Nang in accessing the International Technology Securityand Innovation (ITSI) Fund under the Creating Helpful Incentives toProduce Semiconductors (CHIPS) Act of the US, thus helping the city in humanresources training and developing the assembly, test, and packaging (ATP)stage.

In the near future, Da Nang will soon establish a working groupto promote cooperation between Da Nang and the US, aiming to work with the USConsulate General in HCM City to discuss cooperation in various fieldsbetween the two sides, he said.

For her part, Burns said that thanks to recent visits by DaNang's leaders, US firms have increasingly been interested in the city, whichthey described as a promising investment destination.

The US diplomat expressed her hope that along with cooperation in traditionalareas, the US and Da Nang will expand collaboration in other fields such assemiconductor chips, renewable energy, finance, and seaports.

Da Nang now has cooperative relations with three US cities, namely Oakland in California, Pittsburgh in Pennsylvania, and Houston inTexas.

As of the end of October 2023, Da Nang had hosted 82 valid US-fundedprojects worth 831 million USD, accounting for 8% of the project number andmore than 19% of the investment capital of the city, mostly in the fields oftourism, real estate, high technology, and supporting industries. The results madethe US the third largest investor among 45 countries and territories investing in thecentral economic hub.

Meanwhile, more than 20 firms of Da Nang have engagedin import-export activities with the US. In the first half of 2023, Da Nang’sexports to the US reached 205 million USD.

The US is running four ODA projects in Da Nang with totalcapital of 46.57 million USD, while US non-governmental organisations arefunding nine projects in the city.

Regarding educational cooperation, as of 2019, Da NangUniversity had signed cooperation agreements with 30 reputable partners in the US, while coordinating with leading US technology enterprises such asIntel, Boeing, Microsoft and IBM./.
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