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Vietnam's semiconductor industry is making a major shift to move from basic factory assembly to high-value chip design and engineering. For decades, the country focused on the lower-value "back-end" of the chain, like assembly, testing, and packaging (ATP). Now, the government and local companies are working hard to build a self-reliant tech ecosystem.
Vietnam is now trying to do for semiconductors what it once did for consumer electronics: become an indispensable part of the global value chain, but at a higher rung. After years as the world’s assembly workshop, Hanoi is now pushing into chip design, advanced packaging, and R&D so it can compete not only on manufacturing scale but also on intellectual property and talent.
