FPT Software establishes chip manufacturing subsidiary to produce first semiconductor chips
Vietnam's leading ICT company FPT Software has established a new subsidiary, FPT Semiconductor, marking a key milestone in the company's entry into the booming semiconductor industry. Through this new subsidiary, FPT Software aims to gain a presence in the Asia-Pacific semiconductor market, which accounts for 60% of global sales1. According to IDC, global semiconductor revenue will reach $661 billion in 2022, an increase of 13.7% from 20212.
FPT Semiconductor released its first integrated circuits (ICs) in August 2022. Designed in Vietnam and manufactured in South Korea, these integrated circuits will be used in IoT medical devices. By 2023, FPT Semiconductor plans to supply 25 million chips in seven types worldwide to meet different needs in telecommunications, Internet of Things, automotive technology, energy, electronics and other fields.
Nguyen Vinh Quang, founder and CEO of FPT Semiconductor, said, "We look forward to contributing to the development of the fast-growing semiconductor industry in Vietnam and Asia on a larger scale." He also said, "FPT Semiconductor looks forward to being the first choice for Vietnamese enterprises. chip supplier and further become the preferred chip supplier in Japan, South Korea, Taiwan, China, the United States and Europe.”
After 23 years of leadership in IT services and solutions in Vietnam, FPT Software has decided to venture into fabless manufacturing. With the establishment of FPT Semiconductor, FPT Software continues to expand its comprehensive ecosystem of digital transformation services and solutions. Based on its global footprint and many years of experience in various fields, FPT Software wants to provide its customers with a companion service by consulting and implementing tailor-made solutions, as well as the increased supply of semiconductor components in its current product portfolio.
Tran Dang Hoa, Chief Operating Officer of FPT Software and Chairman of FPT Semiconductor, said, “We are proud that the entire research and development process is performed by FPT Software’s top-notch team of engineers in Vietnam.” He added: “FPT Semiconductor’s The establishment is a testament to Vietnamese ingenuity and our commitment to continue to explore areas of development and bring technological advancement to the business community.”
Semiconductors are an essential part of many industries, from consumer electronics to aerospace. Semiconductor demand has been strong since the outbreak. Advances in semiconductor technology are critical to enabling the development of a new wave of transformational technologies, including artificial intelligence (AI), 5G, autonomous electric vehicles, and IoT solutions3.
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