FPT Semiconductor, a chip design, and manufacturing company under FPT Software, FPT Corporation’s subsidiary, has officially launched the first line of IC chips used in Internet of Things (IoT) products for the medical field.

The first microchip wafer sample of FPT Semiconductor. Photo: FPT

The first integrated circuits (ICs), designed in Vietnam and manufactured in South Korea in August, will be used in IoT medical devices. The enterprise’s first customer and current strategic partner coordinate the distribution of FPT Semiconductor’s chip products in Australia, Taiwan (China), and China.

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.

The chipmaker intends to deploy and supply Make in Vietnam chips to domestic corporations to develop sustainably and contribute to completing the supply chain of manufacturing equipment for users in Vietnam between 2023 and 2025.

According to a Technavio report, Vietnam’s semiconductor industry is estimated to exceed $6.16 billion by 2024. The Vietnamese company aims to become a supplier of Vietnamese brand chips for domestic companies and corporations.

Nguyen Vinh Quang, CEO of FPT Semiconductor, said that with the criterion “Make in Vietnam Chip, Made by FPT”, the company aims to develop and commercialize chip products and bring chip lines to domestic and international markets, including Japan, South Korea, Taiwan (China), the US, Europe, and China.

“The entire research and development process is carried out in Vietnam by leading engineers of FPT Software. FPT Semiconductor is our next step in confirming Vietnamese intelligence and achieving success with all of our global partners,” said Tran Dang Hoa, FPT Software CEO and FPT Semiconductor Chairman.

Integrated semiconductor microchips are essential in devices, determining work performance and significantly influencing the cost of all electronic systems. In the context of businesses all over the world racing to digital transformation and developing the device ecosystem, the production of integrated semiconductor IC chips has become the backbone for designing electronic systems and the technology industry.

According to Gartner, the global semiconductor IC industry generated nearly $600 billion in revenue by 2021.

The number of organizations and enterprises in the semiconductor chip industry in Vietnam is primarily concentrated in technical universities or foreign enterprises investing in manufacturing plants.