The Vietnamese government claims to have found a magical mathematical formula that will elevate its semiconductor industry to an annual turnover of $100 billion by 2050.
The formula, as approved by prime minister Pham Minh Chinh – a bit of a boffin himself, having achieved his bachelor's degree in civil engineering – isConfused? It's simple. C is for Chips, S for Specialized, E for Electronics, T for Talent – and + 1 for Vietnam.
Goals include forming at least semiconductor 100 design firms, one manufacturing facility, and ten testing plants. The semiconductor workforce is slated to includeFrom 2030 to 2040, the nation will work to become a more self-reliant global center for semiconductors and electronics. It hopes to double the number of design firms, manufacturing plants, and available talent.
The final phase culminates in the year 2050, when Vietnam expects to be an industry world leader and have mastered semiconductor R&D. Local design firms should number at least 300, while three manufacturing factories and 20 packaging and testing plants dot the landscape. Annual revenues for semiconductors are expected to reach $100 billion, while electronics should reach $1.045 trillion.