FPT collaborates with ABOV Semiconductor on creating microchips
In a significant move to strengthen the semiconductor industry in South Korea, FPT Corporation, a leading Vietnamese enterprise, has entered into a strategic partnership with ABOV Semiconductor. This collaboration aims to jointly research, design, and develop next-generation semiconductor chips tailored for the South Korean market [1][2][3].
The partnership will leverage FPT-designed chips and execute flexible cooperation projects based on specific demands. The goal is to produce competitive semiconductor products and expand market applications in South Korea [1][4]. This strategic alliance also aims to build a comprehensive semiconductor ecosystem, encompassing the development of highly skilled talent, custom integrated circuit (IC) design services, advanced packaging, and semiconductor testing [1][4].
FPT Corporation, recognised in Gartner's Top 200 technology companies in South Korea (2020-2021), has established significant operations and expertise in South Korea, employing a large team and serving major corporations such as LG Electronics, LG CNS, Shinhan Bank, Daegu Bank, and Shinsegae I&C [4].
Meanwhile, FPT University and Gachon University in South Korea are partnering to strengthen training and human resource development in semiconductor technologies. This educational collaboration involves student and faculty exchanges, joint training programs, and research cooperation, enhancing the workforce’s quality and fostering knowledge exchange between Vietnam and South Korea [3][4].
The agreement between FPT University and Gachon University includes organizing joint academic courses, facilitating faculty and scholar exchanges, and sharing academic information, materials, and publications [5]. The collaboration also covers other academic activities mutually agreed upon by the two universities [5]. FPT University and Gachon University signed an agreement to promote student exchange and education at both undergraduate and graduate levels [6].
Industry experts have declared Vietnamese workers to be Vietnam's greatest advantage in its semiconductor industry [7]. This partnership, with its high-level government support, underscores its strategic importance for advancing semiconductor technology and market growth in both countries [1][3]. South Korea’s semiconductor industry, valued at about $87 billion in 2023, provides a robust market and investment environment for this joint effort [2][4].
The semiconductor industry in Vietnam is expected to benefit from its young labour force and the application of digital twin technology [8]. To develop a globally competitive semiconductor ecosystem, Vietnam should connect with training facilities in countries with strong semiconductor development [9]. This collaboration between FPT Corporation and ABOV Semiconductor is a step towards achieving this goal.
The semiconductor and electronics sector in Vietnam is gaining momentum due to rising global demand and government support [10]. With this strategic partnership, Vietnam's semiconductor industry is expected to expand its market and application in South Korea [11]. FPT Corporation, as the leading Vietnamese enterprise in terms of revenue and workforce scale in South Korea's competitive market, is well-positioned to drive this expansion [12].
References: 1. FPT Corporation 2. ABOV Semiconductor 3. FPT University and Gachon University agreement 4. FPT Corporation in South Korea 5. FPT University and Gachon University collaboration details 6. FPT University and Gachon University student exchange agreement 7. Vietnamese workers in the semiconductor industry 8. Digital twin technology in Vietnam 9. Developing a globally competitive semiconductor ecosystem in Vietnam 10. Vietnam's semiconductor and electronics sector 11. Expansion of Vietnam's semiconductor market in South Korea 12. FPT Corporation's position in South Korea's market
- The strategic alliance between FPT Corporation and ABOV Semiconductor, two prominent entities in technology and finance, aims to grow South Korea's semiconductor industry by leveraging FPT's chip designs and expanding into customized, competitive products in the South Korean market.
- With FPT Corporation's strong presence in South Korea's finance and electronics industry, as well as its partnership with Gachon University to strengthen training and human resource development in semiconductor technologies, Vietnam stands to benefit significantly from the expansion of its semiconductor market in South Korea.
