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Vietnam’s leading ICT company, FPT Software, has launched a new subsidiary, FPT Semiconductor, marking a key milestone for the company as it enters the booming semiconductor industry. Through the new subsidiary, FPT Software aims to gain a slice of Asia Pacific’s semiconductor market, which accounts for 60%of global sales. IDC projects that worldwide semiconductor revenue will reach USD $661 billion in 2022, an increase of 13.7% over 2021.

FPT Semiconductor released its first integrated circuits (ICs), which were designed in Vietnam and manufactured in South Korea, in August 2022.These ICs will be used in Internet of Things (IoT) medical devices. By 2023, FPT Semiconductor plans to supply 25 million chips globally in seven types to meet diverse needs in telecommunications, IoT, automotive technology, energy, electronics and others.

“We look forward to contributing to the development of the fast-growing semiconductor industry in Vietnam and Asia on a broader scale,” said Nguyen Vinh Quang, Founder of and Chief Executive Officer at FPT Semiconductor. “FPT Semiconductor looks to become the chip supplier of choice for businesses in Vietnam and further in Japan, Korea, Taiwan, China, the United States and Europe.”

After 23 years of leadership in IT services and solutions in Vietnam, FPT Software decided to venture into fabless manufacturing. With the establishment of FPT Semiconductor, FPT Software continues to extend its comprehensive ecosystem of digital transformation services and solutions. Building on the global presence and years of experience across various domains, FPT Software hopes to accompany clients with consulting and implementing tailor-made solutions, and now with supplying semiconductor components added to its portfolio.

“We are proud that the whole research and development process is conducted by FPT Software’s leading engineers in Vietnam,” said Tran Dang Hoa, Chief Operating Officer at FPT Software and Chairman at FPT Semiconductor. “The launch of FPT Semiconductor is a testament to Vietnamese intelligence as well as our commitment to continue seeking areas to grow, bringing technological advancement to the business community.”

Semiconductors are a vital component for many industries from consumer electronics to aerospace and have been in high demand since the pandemic.Further advancements in semiconductor technology will be essential to facilitate a new wave of transformative technologies, including Artificial Intelligence, 5G, autonomous electric vehicles and IoT solutions

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