Semiconductor giant Amkor to triple capacity at Vietnam factory
Amkor Technology Vietnam, under U.S.-headquartered semiconductor giant Amkor Technology, is seeking permission to triple the maximum annual capacity of its Vietnam factory from 1.2 billion to 3.6 billion items.
According to a recent project report, Amkor’s $1.6 billion factory in the northern province of Bac Ninh wants to expand the annual output from 420 tons to 1,600 tons. The project does not sell its products in Vietnam.
Amkor aims to simultaneously conduct partial operation and plant expansion from September, towards stable operation from October.
The factory is actually producing 420 million items a year, equivalent to 147 tons. It is employing 1,200 people and can increase the figure to 5,700 during stable operation.
Amkor Technology Vietnam factory in Bac Ninh province, northern Vietnam. Photo courtesy of VOV newspaper.
Amkor Technology held a grand opening for its factory in Bac Ninh province in October 2023. The factory, covering 57 acres (23.1 hectares) at the Yen Phong 2C Industrial Park, offers turnkey solutions from design to electrical testing, beginning with Advanced System in Package (SiP) and memory production.
The project has an initial investment capital of $529.6 million. In July 2024, Amkor received a certificate for additional investments of $1.07 billion. This is 11 years earlier than its original plan of investing $1.6 billion by 2035.
Amkor started official operation in Vietnam in Q3/2024 and earned an export revenue of VND337.5 billion ($13.3 million) last year. In 2024, Amkor Technology paid taxes of $3.5 million, the firm added.
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