ELECTRONICS NEWS HIGHLIGHT W8.2024

1. Vietnam implements a plan to develop the domestic semiconductor industry

According to the report, Vietnam recently promised tax breaks and other incentives to global semiconductor companies to help attract investment in the domestic semiconductor industry.

Mr. Huynh Thanh Dat, Vietnam’s Minister of Science and Technology, said Hanoi’s national semiconductor plan will include funding for the industry through national-level joint science and research funds with leading companies. private company.

Vietnam’s goal is to increase domestic R&D and semiconductor processing capabilities. By attracting semiconductor companies to build manufacturing factories, Vietnam hopes that the transfer of advanced technologies from around the world will help the domestic industry develop.

In the context of volatile political situations around the world, Vietnam has emerged as an ideal investment location for factories due to its stable politics, cheap labor costs and support from the Government. This causes large semiconductor companies such as Nvidia and Samsung to look for ways to expand chip production activities in Vietnam. Besides, Vietnam is also home to Intel’s largest assembly and testing plant in the world and is expected to receive millions of dollars from the US Science and Chip Act.

With a strong science and technology education foundation, Vietnam aims to train 50,000 engineers for this industry by 2030 to meet the needs of developing the domestic semiconductor industry.

Learn more: Vietnam launches semiconductor plan to stimulate local industry development

2. OpenAI plans to invest in semiconductors

According to the report, Sam Altman, CEO of OpenAI, is looking to raise up to $7 trillion to invest in the semiconductor industry

Multiple reports indicate that Altman is proposing that OpenAI, investors, and chip manufacturers establish partnerships to jointly fund the construction of wafer foundries. The factory will be operated by existing chip manufacturers and OpenAI will become an important customer of these factories.

According to insiders, this plan may require raising between $5 trillion and $7 trillion, which would be much larger than the current scale of the global semiconductor industry. Sam Altman has not yet announced the reason why OpenAi invested heavily in this field, but this also contributes to helping the semiconductor industry recover after a year of recession in 2023.

Learn more: Sam Altman Seeks Trillions of Dollars to Reshape Business of Chips and AI

3. SIA: Global semiconductor sales decline 8.2% in 2023

According to SIA’s latest report, global semiconductor industry revenue will total 526.8 billion USD in 2023, down 8.2% compared to total revenue of 574.1 billion USD in 2022.

According to the report, although sales increased in the second half of 2023, Q4 revenue reached 146.0 billion USD, 11.6% more than the total revenue of Q4 2022 and 8% higher. .4% compared to total revenue from the third quarter of 2023, however total revenue in 2023 is still lower than 2022.

SIA Chairman and CEO said global sales were sluggish at the beginning of 2023 but showed signs of a strong recovery by the end of 2023. With the increase in demand from the manufacturing market, along with goods A series of government investment policies in R&D activities and the workforce, expected global semiconductor sales to grow significantly in 2024.

In terms of product segments in 2023, the highest sales are: logic products with a total of 178.5 billion USD, second is memory products with a total value of 92.3 billion USD, followed by as microcontroller units (MCUs) grew 11.4% to a total of $27.9 billion and automotive IC sales rose 23.7% year-on-year to a record $42.2 billion USD.