The Vietnam semiconductor foundry market size reached USD 347.52 Million in 2024 and is projected to reach USD 538.19 Million by 2033, exhibiting a CAGR of 4.98% during 2025-2033. The market growth is driven by the government’s National Semiconductor Strategy and Vietnam’s strategic position as a leading alternative to China for international semiconductor supply chain diversification. Moreover, the shift from assembly and testing to indigenous fabrication capabilities, supported by technological partnerships and government infrastructure investment, is fueling extensive market expansion.
Study Assumption Years
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
Vietnam Semiconductor Foundry Market Key Takeaways
- The market size was USD 347.52 Million in 2024.
- The CAGR is 4.98% for the forecast period 2025-2033.
- The market is forecasted to reach USD 538.19 Million by 2033.
- Vietnam is witnessing a surge in foreign direct investment in semiconductor assembly and testing, particularly near Hanoi, expanding its semiconductor ecosystem.
- FPT Corporation inaugurated a High-Tech and Semiconductor R&D Center in Da Nang in March 2025, focusing on semiconductor and AI research.
- Amkor Technology expanded its production capacity from 1.2 billion to 3.6 billion chip products annually at its Bac Ninh factory.
- Viettel has announced plans for Vietnam’s first semiconductor foundry, supporting the government’s strategic objectives.
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Market Growth Factors
Vietnam’s semiconductor foundry market growth is attributed to the National Semiconductor Strategy of the government, its position as a second-source supplier to China in global supply chains, and its growing from assembly and testing houses into production fabs. The goal is to build local semiconductor production capabilities, supported through technology agreements with tech firms and government-led investments in infrastructure, as the country increases its domestic market share and develops its semiconductor manufacturing technology.
Important foreign direct investments arrive from multinational firms and local firms for this growth. The firms establish advanced assembly plants and testing plants in Vietnam. The firms benefit from the country’s low labor costs and skilled workforce. The FPT Corporation’s High-Tech and Semiconductor R&D Center in Da Nang opening around March 2025 is one example. It seeks to increase semiconductor and AI R&D. It also seeks to establish Vietnam as a leading technology hub in Southeast Asia by scaling up production, transferring technology, and developing supporting semiconductor industries.
Planned fabrication capacity expansions have contributed to rapid growth within the Vietnamese semiconductor foundry market. For example, in February 2025, Amkor Technology announced that it would triple annual produce capacity for its chip manufacture factory at the Yen Phong II-C Industrial Park to 3.6 billion chip products. The upgrade makes Vietnam more strong inside the global semiconductor supply chain and shows the country moves from assembly to fabrication. Because the government envisions and collaborates with global technology companies, Vietnam seeks to set up multiple semiconductor fabrication units with various technology nodes, ranging from mature to advanced.
Market Segmentation
Technology Node Insights
- 10/7/5nm: Includes the most advanced process nodes, reflecting Vietnam’s progress towards state-of-the-art semiconductor manufacturing technologies.
- 16/14nm: Represents mature yet high-performance nodes contributing to Vietnam’s foundry capabilities.
- 20nm: A commonly utilized mature process node segment within the market.
- 45/40nm: Indicates the presence of established fabrication technologies catering to specific semiconductor applications.
- Others: Covers additional technology nodes present in the Vietnamese semiconductor foundry market.
Foundry Type Insights
- Pure Play Foundry: Dedicated facilities focusing solely on semiconductor manufacturing services.
- IDMs: Integrated Device Manufacturers engaging in both semiconductor design and manufacturing, contributing to market diversity.
Application Insights
- Communication: Semiconductor applications serving telecommunications equipment and infrastructure.
- Consumer Electronics: Chips used in personal devices and household electronics.
- Computer: Semiconductor products for computing devices across consumer and enterprise segments.
- Automotive: Semiconductor components tailored for vehicle electronics and automotive applications.
- Others: Additional semiconductor applications beyond the primary categories.
Regional Insights
Northern Vietnam emerges as a dominant region for semiconductor foundry activities, with concentrated foreign direct investment and state-of-the-art facilities leveraging advanced packaging and testing technologies. The region hosts several large multinational and domestic operations near Hanoi, substantially contributing to the growth and technological advancement of Vietnam’s semiconductor foundry market.
Recent Developments & News
In December 2024, Nvidia and the Vietnamese Government signed a comprehensive AI cooperation agreement to establish both an AI research and development (R&D) center and an AI data center in Vietnam. This partnership aims to accelerate the integration of artificial intelligence technologies with semiconductor development and enhance Vietnam’s capability in designing AI-optimized chips.
Key Players
- FPT Corporation
- Amkor Technology
- Viettel
- Nvidia
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