Vietnam draws global chipmakers

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HANOI (XINHUA) – Many companies have positioned Vietnam as a “magnet” for major players in the chip industry and are turning to the Southeast Asian country for its talent pool and competitive labour costs, local media cited Nikkei Asia yesterday.

The availability of tech workers in a time of shortage could help Vietnam achieve one of its long-held dreams, moving up the tech value chain, Vietnam News reported.

Marvell described Vietnam as a strategic location for the development of engineering talent while Alchip Technologies is expanding its R&D team into Vietnam, according to an article recently published by Nikkei Asia.

PHOTO: FREEPIK