Business

Korean semiconductor manufacturer to pour 1.6 billion USD in Bac Ninh

The Republic of Korea’s Amkor Technology, Inc. will embark on the first-stage construction of its plant at Yen Phong II-C Industrial Park (IP) in the northern province of Bac Ninh in the first quarter of next year, said provincial authorities announced on November 5. ​
Korean semiconductor manufacturer to pour 1.6 billion USD in Bac Ninh ảnh 1A mobile phone manufacturing line of Samsung Vietnam in Bac Ninh province (Photo: VNA)

Bac Ninh (VNA) - The Republic of Korea’s Amkor Technology, Inc. will embark on the first-stage construction of its plant at Yen Phong II-C Industrial Park (IP) inthe northern province of Bac Ninh in the first quarter of next year, said provincial authorities announced on November 5.

Accordingly, the Korean company will invest 1.6 billion USD between now and 2035to build a plant to manufacture, assemble and test semiconductor products on asite of 23ha in the IP.

In the first quarter of 2022 and the first five years, it will pour 520 million USD into assembling and testing solutions for theworld’s leading electronics and semiconductor manufacturers.

The provincial authorities pledged to offer all possiblesupport for the project to put into operation on schedule.

According to the provincial Department of Planning and Investment,Bac Ninh granted new licences to 108 projects with a total registered capitalof over 535 million USD from the beginning of this year to October 18.

It also recorded an additional 132 million USD invested in 76 existing projects and more than 145 million USD in capital contributions and share purchases.The province revoked 35 projects worth over 223 million USD.

As of October 18, Bac Ninh had granted licences to 1,704 valid foreignprojects valued at more than 20.4 billion USD./.

VNA
#Amkor Technology #Inc #Vietnamplus #Vietnam News Agency #northern province of Bac Ninh #Department of Planning and Investment #semiconductor Bac Ninh
Follow VietnamPlus

Related News

HCM City promotes IC, semiconductor industry

HCM City promotes IC, semiconductor industry

The market for integrated circuits (IC) and semiconductors in Vietnam has huge potential, offering great investment opportunities for domestic and foreign enterprises, according to experts.
Automobile producers struggle with lack of microchip

Automobile producers struggle with lack of microchip

Semiconductor chip shortage has caused a crisis for major automobile producers in the world, forcing them to suspend production and extend the time to deliver their products, but for Vietnamese ones, the impacts are quite minor as they still can ensure normal production and business activities, according to insiders.

See more

Delegates commence the construction of AEON Hai Duong Shopping Centre in Hai Duong Province on April 19. (Photo courtesy of AEON Vietnam)

Construction of AEON Hai Duong Shopping Centre kicked off

With a total investment of around 1.18 trillion VND (45.6 million USD), the AEON Hai Duong Shopping Centre is designed with a total floor area of approximately 3.6 hectares. Spanning an estimated gross floor area (GFA) of roughly 38,100 sq.m, the shopping centre will feature ample parking space for nearly 600 cars and 1,200 motorcycles.

Hai Phong hosts a conference on green transition and sustainable development. (Photo: congluan)

Hai Phong’s green growth sees both progress and obstacles

As part of its 2024 green growth efforts, Hai Phong implemented initiatives across 17 sectors. These included building and refining legal and policy frameworks as well as strengthening state management in line with green growth objectives.

Chanh Thon carpentry village in Nam Tien commune, Phu Xuyen district, Hanoi (Source: nongthonmoihanoi.gov.vn)

Hanoi to develop 254-million-USD industrial cluster

Until 2030, Hanoi looks to have 159 industrial clusters covering a total area of 3,204 ha, expand five clusters established between 2017 and 2020 with a total area of about 45 ha, and build 21 new ones covering about 536 ha.

A visitor experiences technologies at the event. (Photo: VNA)

Vietnam Beautycare Expo 2025 opens in Hanoi

The Vietnam Beautycare Expo 2025 aims to facilitate trade and business connections between industry professionals, helping visitors seek out suppliers, distribution partners, and retailers in the beauty and personal care sectors.

The Boeing 787-9 Dreamliner with special livery featuring the chim Lac (Photo: VNA)

Vietnam Airlines unveils Lac bird-themed livery on Boeing 787-9 aircraft

Vietnam Airline Deputy General Director Dang Anh Tuan said that the Lac bird embodies the pioneering spirit, the desire to conquer, and the will to continuously rise, adding displaying the symbol on Boeing 787, a pride of the global aviation technology, showcases the airline’s aspirations to connect the tradition and the future while carrying the Vietnamese identity across the world.

Khanh Hoa welcomes return of Russian tourists (Photo: VNA)

New charter flights boost Russian tourism to Khanh Hoa

Flight EO3661 operated by IKAR Airlines landed at Cam Ranh International Airport on April 18, carrying 350 Russian tourists from Novy International Airport in Russia. This marks the first charter flight organised by Pegas Misr Vietnam Travel Co., Ltd. to bring Russian tourists back to Khanh Hoa after a long pause due to the COVID-19 pandemic.