Samsung plans to invest in AI, semiconductors in Vietnam
Vietnam will continue improving its investment environment and driving strategic breakthroughs in order to usher in a new era of economic development.
Vietnam will continue improving its investment environment and driving strategic breakthroughs in order to usher in a new era of economic development.
The move would help contribute to Vietnam’s commitment to achieving net-zero greenhouse gas emissions by 2050.
The four factories in Vietnam contributed about 30% of the South Korean tech giant’s global revenue, totaling US$16.25 billion, up 12% on quarter.
The expansion of the semiconductor supply chain and manufacturing remains a priority in Vietnam's development strategy.
“It is about planting the seed, having the fertile ground to plant the seed, and making it grow.”
High-tech companies from around the world are competing for investment opportunities in Vietnam, a Samsung executive has said.
Samsung's R&D center currently employs 2,400 engineers, with Vietnamese engineers playing a crucial role in researching AI features for the new Galaxy S24 phone series.
The global minimum tax will affect multinationals such as Samsung, Intel, LG, Bosch, Sharp, Panasonic, Foxconn and Pegatron, among other investors in Vietnam.
Vietnam remains an appealing option for investors looking to diversify their supply chains.
Companies have seen their business situation on the uptrend recently, amid Vietnam's positive economic performance, and expect to continue to bet on staying for the long term.