Cadence assists Vietnam’s semiconductor sector development

By Nguyen Thuy
Tue, May 30, 2023 | 4:49 pm GMT+7

California-headquartered Cadence Design Systems Inc. signed a memorandum of understanding with Ho Chi Minh City’s Saigon High-Tech Park (SHTP) on Tuesday on collaboration to foster electronic design expertise and advance the semiconductor industry in Vietnam.

Michael Shih (left), corporate vice president of sales for Asia Pacific and Japan of Cadence, and Nguyen Anh Thi, head of the SHTP management board, shake hands after signing the MOU on May 30, 2023 in Ho Chi Minh City. Photo courtesy of SHTP.

Michael Shih (left), corporate vice president of sales for Asia Pacific and Japan of Cadence, and Nguyen Anh Thi, head of the SHTP management board, shake hands after signing the MOU on May 30, 2023 in Ho Chi Minh City. Photo courtesy of SHTP.

Via the partnership, Cadence, a U.S. leading computational software firm, expects to help empower the next generation of chip designers in Vietnam, which is on the way to becoming a new semiconductor hub in Southeast Asia.

Cadence will provide its integrated circuit (IC) design software tools and relevant training programs to universities in HCMC through the Cadence Academic Network.

Michael Shih, corporate vice president of sales for Asia Pacific and Japan of Cadence, told the MOU signing ceremony: “By providing access to our software tools, we aim to equip the next generation of engineers with the skills they need to contribute to the growth of the high-tech industry in Vietnam.”

The universities involved in the Cadence-SHTP partnership are ones with established engineering departments and can provide access to a valuable talent pool for the development of chip design in the south.

The partnership is set to help the higher-education students gain practical experience in chip design and verification, providing them with a channel to learn how to solve complex technical challenges when creating ICs, packages, printed circuit boards, and complete systems.

“This collaboration will help enable the students to get access to the latest technology and methodologies in IC and system design and acquire practical experience that will help them succeed in the high-tech industry,” Nguyen Anh Thi, head of the SHTP management board, said at the ceremony.

“This collaboration will contribute significantly to strengthening the capability of SHTP Chip Design Center launched last October and therefore fostering the development of Vietnam’s semiconductor industry.”

The SHTP chip facility has a chip design lab as its first important unit of the center. The lab is a move to implement an agreement signed in late August 2022 between the SHTP and Synopsys, a major American chip software firm.

Under the deal, Synopsys provides software licenses to academies and schools, conducts training courses in chip design for lecturers, and holds high-level training courses on chip design.

At the opening time, the chip design center housed two semiconductor firms – Microchip Technology (Vietnam) and SNST & Finger Vina Co.

American chip vendor Marvell Technology announced in mid-May it will establish a world-class design center in HCMC. The facility will house advanced semiconductor engineering and will be a top technology workplace for those looking to upgrade their skills and careers.

Marvell said it intended to invest in the development of critical technical skills in the country through a newly formed scholarship program in order to meet the talent requirements of its new Vietnam design center.

Vietnam has risen as the third largest chip exporter to the U.S., behind Malaysia and Taiwan, according to the Vietnamese Ministry of Information and Communications. In February 2023, its semiconductor exports to the U.S. reached $562.5 million, up from $321.7 million in February 2022.

In printed circuit board(PCB) production, Taiwan PCB Techvest (TPT), which makes and supplies double-sided and multi-layer PCBs, plans to build its second manufacturing facility in Vietnam while more Taiwanese companies are shifting production to the country from China.

TPT has so far invested $30 million in Vietnam, operating its first PCB plant in the Thanh Liem Industrial Park in Thanh Liem district, Ha Nam province in northern Vietnam.

Comments (0)
  • Read More
China's Exquisite Power launches $20 mln battery factory in Vietnam

China's Exquisite Power launches $20 mln battery factory in Vietnam

China-invested Vietnam Exquisite Power Technology Company Limited launched its $20-million factory in Vietnam’s northern coastal city of Hai Phong on Friday.

Industries - Sat, January 18, 2025 | 10:46 pm GMT+7

Central Vietnam city licenses 3 FDI projects worth $190 mln

Central Vietnam city licenses 3 FDI projects worth $190 mln

Vietnam’s central coastal city of Danang has granted investment registration certificates to four foreign-invested projects totaling $190 million.

Industries - Sat, January 18, 2025 | 10:35 pm GMT+7

Thailand to launch new carbon credits market

Thailand to launch new carbon credits market

Thailand aims to introduce a new carbon credits market this year as the Southeast Asian nation seeks to address weak demand and low prices.

Southeast Asia - Sat, January 18, 2025 | 7:57 pm GMT+7

Malaysia defines two priorities to ensure food security

Malaysia defines two priorities to ensure food security

Malaysia's Ministry of Agriculture and Food Security (KPKM) has set two major priorities for this year - reforming the national rice and paddy industry, and increasing productivity in the ruminant sector, particularly beef and buffalo meat production.

Southeast Asia - Sat, January 18, 2025 | 7:52 pm GMT+7

Foxconn doubles investment in central Vietnam province to $200 mln

Foxconn doubles investment in central Vietnam province to $200 mln

Fu Wing Interconnect Technology (Nghe An) Co. Ltd., a subsidiary of Foxconn, has doubled its investment in the central Vietnam province of Nghe An to $200 million.

Industries - Sat, January 18, 2025 | 4:07 pm GMT+7

WB revises up Vietnam’s 2025 GDP growth forecast to 6.6%

WB revises up Vietnam’s 2025 GDP growth forecast to 6.6%

Vietnam’s GDP growth can reach 6.6% in 2025, the World Bank said in the newly-released January edition of its “Global Economic Prospects” report.

Economy - Sat, January 18, 2025 | 10:36 am GMT+7

Poland’s leading pharma group Adamed keen to expand in Vietnam: exec

Poland’s leading pharma group Adamed keen to expand in Vietnam: exec

Adamed Pharma, a leading pharmaceutical and biotechnology group in Poland, plans to expand its investment in Vietnam, said Malgorzata Adamkiewicz, president of the company’s supervisory board.

Industries - Sat, January 18, 2025 | 10:16 am GMT+7

PM calls on Polish companies to expand investments in Vietnam

PM calls on Polish companies to expand investments in Vietnam

Vietnamese Prime Minister Pham Minh Chinh has asked Polish companies to increase their investments in Vietnam, capitalizing on the EU-Vietnam Free Trade Agreement (EVFTA).

Industries - Sat, January 18, 2025 | 10:07 am GMT+7

Ethics, ambition critical for startup founders to succeed: Go Global Holdings exec

Ethics, ambition critical for startup founders to succeed: Go Global Holdings exec

The global investment landscape offers abundant opportunities for Vietnamese brands to expand internationally, but startups must prioritize self-improvement and readiness, says Nguyen Phi Van, chairwoman of Go Global Holdings, a company specializing in franchising.

Companies - Sat, January 18, 2025 | 9:00 am GMT+7

Scandal-hit Tan Hoang Minh Group eyes $592 mln ecotourism project in central Vietnam

Scandal-hit Tan Hoang Minh Group eyes $592 mln ecotourism project in central Vietnam

Real estate developer Tan Hoang Minh Group has proposed the central province of Quang Binh allow it to study the building of a VND15 trillion ($592 million) ecotourism area in Le Thu district.

Real Estate - Sat, January 18, 2025 | 8:00 am GMT+7

Germany energy firm wpd plans $180 mln wind power project in central Vietnam

Germany energy firm wpd plans $180 mln wind power project in central Vietnam

Germany’s energy company wpd plans to invest VND4,600 billion ($181.62 million) in building a 143 MW wind power plant in Vietnam’s central coastal province of Binh Dinh.

Energy - Fri, January 17, 2025 | 10:21 pm GMT+7

BRICS – new key export market of Indonesia

BRICS – new key export market of Indonesia

Indonesia’s non-oil and gas exports to the five major BRICS nations reached $84.37 billion in 2024, accounting for nearly 34% of the country’s total non-oil and gas export value, according to the country’s Central Statistics Agency (BPS).

Southeast Asia - Fri, January 17, 2025 | 9:54 pm GMT+7

Vietnam refinery operator BSR hits $2.6 bln valuation in bourse debut

Vietnam refinery operator BSR hits $2.6 bln valuation in bourse debut

Binh Son Refining and Petrochemical JSC, the operator of Vietnam’s first oil refinery Dung Quat, officially listed over 3.1 billion BSR shares on the Ho Chi Minh Stock Exchange (HoSE) on Friday, marking a rare "blockbuster" debut on the major bourse in recent years.

Companies - Fri, January 17, 2025 | 6:59 pm GMT+7

Two remaining weak Vietnamese banks transferred to VPBank, HDBank

Two remaining weak Vietnamese banks transferred to VPBank, HDBank

The State Bank of Vietnam, the country's central bank, on Friday announced the mandatory transfers of two "weak" private banks under its special control, GPBank and DongA Bank, to VPBank and HDBank respectively.

Banking - Fri, January 17, 2025 | 4:32 pm GMT+7

DPPA not applied to non-manufacturing consumers, Vietnam ministry insists

DPPA not applied to non-manufacturing consumers, Vietnam ministry insists

Vietnam’s Ministry of Industry and Trade does not plan to extend the direct power purchase agreement (DPPA) mechanism to non-manufacturing consumers using the national grid.

Energy - Fri, January 17, 2025 | 3:50 pm GMT+7

Two foreign giants eye luxury marina, resort projects in central Vietnam

Two foreign giants eye luxury marina, resort projects in central Vietnam

Swiss investment fund Finance Suisse and the world’s leading superyacht builder Palmer Johnson are looking for opportunities to invest in a super-luxury marina and a resort in the south-central Vietnam province of Binh Dinh.

Industries - Fri, January 17, 2025 | 3:18 pm GMT+7