"Samsung Electronics Plans to Build $1.5 Billion Semiconductor Testing Plant in Vietnam"

Citing Business Proposal Submitted to Vietnamese Authorities

Major international media outlets have reported that Samsung Electronics plans to build a semiconductor testing plant in Vietnam to address the global memory semiconductor supply shortage driven by soaring demand for artificial intelligence (AI).

According to Investing.com and other sources on May 27, Samsung Electronics stated in a business proposal submitted to Vietnamese authorities that it intends to invest approximately 39 trillion dong (about $1.5 billion, or roughly 2.2 trillion won) to construct a semiconductor testing plant in Vietnam.

Samsung Electronics Chairman Jaeyong Lee is departing through Seoul Gimpo Business Aviation Center (SGBAC) in Gangseo-gu, Seoul on the 19th of last month to accompany the economic delegation to India and Vietnam. Photo by Yonhap News

The plant, which has already broken ground, is located in an industrial complex in Thai Nguyen Province, about 60 kilometers north of Hanoi, and is expected to begin operations in November next year.

The new facility will focus on testing DRAM and NAND memory chips. According to the proposal, the plant's annual capacity will reach 153.3 billion gigabits (Gb) for DRAM and 255.6 billion Gb for NAND flash.

Foreign media also reported that the Vietnamese government approved this investment plan back in March, and that Samsung Electronics is considering building a second plant worth up to $2.5 billion by reinvesting profits generated from this project.

This content was produced with the assistance of AI translation services.