|The first sample of chip made by FPT semiconductor. — Photo courtersy of FPT
Vietnam’s 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 the Republic of Korea, in August 2022. These ICs will be used in Internet of Things (IoT) medical devices.
By 2023, 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 6.16 billion USD by 2024. FPT Semiconductor aims to become a supplier of Vietnamese brand chips for domestic companies and corporations.
FPT Semiconductor intends to deploy and supply “Make in Vietnam” chips to domestic corporations to develop sustainably and complete the supply chain of manufacturing equipment for users in Vietnam between 2023 and 2025.
FPT Software continues to improve the ecosystem of services and products and comprehensive digital transformation technology solutions, marking a significant milestone in the development journey of Southeast Asia’s leading technology company. Enterprises assist partners in consulting, deploying, and “tailoring” technology solutions to customer needs, as well as maintaining, upgrading, and supplying semiconductor components.