Vietnam’s main ICT firm FPT Software has launched a brand new subsidiary, FPT Semiconductor, marking a key milestone for the corporate because it enters the booming semiconductor business. Through the brand new subsidiary, FPT Software goals to realize a slice of Asia Pacific’s semiconductor market which accounts for 60 % of worldwide gross sales1. IDC tasks that worldwide semiconductor income will attain $661 billion in 2022, a rise of 13.7 % over 20212.
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FPT Tower – FPT Corporation’s headquarter in Hanoi, Vietnam (Photo: Business Wire)
FPT Semiconductor launched its first built-in circuits (ICs), which have been designed in Vietnam and manufactured in South Korea, in August 2022. These ICs can be utilized in Internet of Things (IoT) medical units. By 2023, FPT Semiconductor plans to produce 25 million chips globally in seven sorts to satisfy numerous wants in telecommunications, IoT, automotive expertise, power, 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,” mentioned FPT Semiconductor’s Founder & Chief Executive Officer Nguyen Vinh Quang. “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,” he mentioned.
After 23 years of management in IT providers and options in Vietnam, FPT Software determined to enterprise into fabless manufacturing. With the institution of FPT Semiconductor, FPT Software continues to increase its complete ecosystem of digital transformation providers and options. Building on the worldwide presence and years of expertise throughout varied domains, FPT Software hopes to accompany purchasers with consulting and implementing tailored options, and now with supplying semiconductor parts added to its portfolio.
“We are proud that the whole research and development process is conducted by FPT Software’s leading engineers in Vietnam,” mentioned FPT Software Chief Operating Officer and FPT Semiconductor Chairman Tran Dang Hoa. “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,” he added.
Semiconductors are an important element for a lot of industries from shopper electronics to aerospace and have been in excessive demand for the reason that pandemic. Further developments in semiconductor expertise can be important to facilitate a brand new wave of transformative applied sciences, together with Artificial Intelligence (AI), 5G, autonomous electrical automobiles and IoT options3.
About FPT Software
FPT Software is part of FPT Corporation, a globally main expertise and IT providers & options supplier headquartered in Vietnam, with practically US$1.6 billion in income and 54,000 workers in 28 nations. As a pioneer in digital transformation, it delivers world-class providers in Smart factories, Digital platforms, RPA, AI, IoT, Enterprise Mobility, Digital Product Development, Cloud, AR/VR, Business Applications, Application Services, Managed Services, and so forth. The firm has served 1,000+ clients worldwide, 85 of that are Fortune Global 500 corporations within the industries of Aerospace & Aviation, Manufacturing & Automotive, Banking Finance Insurance, Logistics & Transportation, Healthcare & Life Sciences, Retail, Utilities & Energy, and extra. For additional data, please go to http://www.fpt-software.com.