Vietnam’s FPT Software has taken the plunge into chipmaking with the launch of FPT Semiconductor.
The new subsidiary’s first integrated circuits (ICs), to be used in Internet of Things (IoT) medical devices, were designed in Vietnam and manufactured in South Korea in August 2022.
By 2023, FPT Semiconductor plans to supply 25 million chips of seven types globally to meet needs in areas such as automotive technology, electronics, energy, IoT, and telecommunications.
“We look forward to contributing to the development of the fast-growing semiconductor industry in Vietnam and Asia on a broader scale. FPT Semiconductor looks to become the chip supplier of choice for businesses in Vietnam and further in Japan, Korea, Taiwan, China, the United States, and Europe,” said Nguyen Vinh Quang, Founder and Chief Executive Officer of FPT Semiconductor.
The establishment of FPT Semiconductor extends FPT Software’s ecosystem of digital transformation services and solutions to semiconductor components.
“The launch of FPT Semiconductor is a testament to Vietnamese intelligence as well as our commitment to continue seeking areas to grow, bringing technological advancement to the business community,” said Tran Dang Hoa, CEO of FPT Software and Chairman of FPT Semiconductor.