A complex of almost 266,000 square meters, to be located in an industrial park north of Hanoi, will consist of two factories: the first is expected to start partial operations next November, and the second factory will start operations in 2031, according to the investment registration document signed by local provincial authorities.
Read more Russia, US and nuclear weapons: what to expect from Xi Jinping and Kim Jong Un’s meeting
It is expected that about 3,750 jobs will be created.
Samsung is the largest foreign investor in Vietnam, where it has already invested more than 23 billion US dollars, but this will be its first chip testing complex in the country.
The artificial intelligence boom threatens the global supply of memory chips, as their manufacturers prioritize chips for data centers over chips used in everyday consumer electronics such as phones and laptops.
Read more This hasn’t happened before: Ukraine attacked 5 Russian ships with stolen grain
The Vietnamese factory will focus on older DRAM and NAND chips, whose prices have soared.
Samsung Electronics, one of the world’s largest memory chip manufacturers, reported record profits in the first quarter of this year.
Read more KPMG: business is increasingly using AI, but commercial success will have to wait
