Vietnam eyes first semiconductor plant, US officials warn of high costs

Vietnam is holding talks with chips companies with the aim of boosting investment in the country and possibly building its first chipmaking plant, or fab, two business executives said, despite warnings from US industry officials about high costs.

The Southeast Asian electronics manufacturing hub already hosts US giant Intel’s largest semiconductor packaging and testing plant worldwide and is home to several chip designing software firms. It is working on a strategy to attract more semiconductor investment, including from foundries, which focus on manufacturing chips.