Report Overview

Vietnam Semiconductor Market - Industry Trends & Forecast Report, 2030

Vietnam Semiconductor Market size was estimated to be worth USD 5.58 billion in 2023. During the forecast period between 2024 and 2030, Vietnam Semiconductor Market size is projected to grow at a CAGR of 6.70%, reaching a value of USD 8.59 billion by 2030. Major growth factors for Vietnam Semiconductor Market include the rising use of digitally integrated ICs across various applications, including telecommunications, automotive, electrical, and electronics. In addition, expanding the scope of advanced technologies, such as artificial intelligence (AI), the Internet of Things (IoT), and machine learning, is projected to present lucrative growth opportunities to players in Vietnam Semiconductor Market.

Semiconductor – Overview

Semiconductors are an essential component of modern electronic devices and modern vehicles. Semiconductor chips have enabled advancements in communications, computing, healthcare, military systems, transportation, clean energy, and countless other applications around the world. Semiconductors are also the driving force behind future technologies, such as artificial intelligence (AI), quantum computing, advanced wireless networks, and virtual power plants. Semiconductors are also referred to as integrated circuits (ICs) or microchips. Generally, these are manufactured from pure elements like silicon, germanium, or compounds like gallium arsenide. During the “semiconductor doping” process, a small number of impurities or dopants are added to these pure elements to change the conductivity significantly.

Vietnam Semiconductor Market

Growth Drivers

Favorable Government Initiatives to Promote Domestic Semiconductor Production

Vietnam is emerging as a lucrative semiconductor manufacturer in the world, as it aims to establish itself as the global semiconductor leader. As a result, the Vietnamese government has laid out a three-phase roadmap that includes short-term and long-term goals for the development of the semiconductor industry. These goals include the construction of three semiconductor manufacturing plants and 20 packaging and testing facilities. Along with establishing a robust semiconductor manufacturing industry, the country is also focused on improving the workforce and skill set as well as enhancing the research and development methods of the field. These favorable initiatives by the government are anticipated to present lucrative growth opportunities to the Vietnam semiconductor production market during the forecast period.

Challenges

Limited Infrastructure and Shortage of Skilled Professionals

Vietnam is making significant progress in its semiconductor manufacturing industry. However, the lack of advanced infrastructure and facilities in the country may hinder the growth of the semiconductor market. Vietnam's technology and R&D capabilities are still developing compared to established markets like Taiwan and South Korea, which can hinder innovation and advanced manufacturing. There's a shortage of highly skilled professionals in the semiconductor field, impacting the industry’s growth and ability to meet complex demands. These factors act as major barriers to the growth of Vietnam Semiconductor Market.

Impact of Escalating Geopolitical Tensions on Vietnam Semiconductor Market

Intensifying and further spreading of geopolitical tensions could adversely affect the growth of Vietnam Semiconductor Market. The manufacturing of semiconductors in Vietnam relies on imports of essential components. However, heightened geopolitical tensions disrupt the global supply chain, hindering the availability of raw materials and components required in semiconductor production, leading to its shortage and increase in prices. Vietnam, being a small country with limited resources, may also face intense competition from other countries, such as India, in semiconductor manufacturing, which may also limit its market growth. As countries reassess their investments in response to geopolitical risks, Vietnam may attract investment from companies seeking alternatives to China. However, political and economic uncertainties may also deter some investors.

Vietnam Semiconductor Market

Segmental Coverage

Vietnam Semiconductor Market – By Component

Based on component, Vietnam Semiconductor Market is segmented into memory devices, logic devices, analog ICs, microprocessors (MPUs), microcontrollers (MCUs), sensors, discrete power devices, and others. The memory device segment accounts for the highest share of the market and is projected to witness the highest CAGR during the forecast period as well. The two types of semiconductor memory—random access memory (RAM) and read-only memory (ROM)—are in high demand due to the expanding manufacturing of computers and accessories, which contributes to the growing demand for memory devices.

Vietnam Semiconductor Market – By Type

By type, Vietnam Semiconductor Market is segmented into intrinsic semiconductors and extrinsic semiconductors. Extrinsic semiconductors hold a larger share of Vietnam Semiconductor Market and are used for manufacturing modern electronic devices. The extrinsic semiconductor type offers high conductivity and electrical properties, as it is improved by adding impurities, which is called the doping process. Therefore, they are used to manufacture a wide range of electronics, such as semiconductor lasers, LEDs, diodes, photovoltaic cells, integrated circuits, and others. The growing demand for integrated circuits (ICs) owing to their high use in consumer electronics drives the growth of extrinsic semiconductors in the market.

Vietnam Semiconductor Market – By Node

Based on node, Vietnam Semiconductor Market is segmented into 28nm, 40nm, 65nm, 90nm, 120 nm, and 130nm. The 28nm node accounts for the highest market share of Vietnam Semiconductor Market by node. The growth of the segment is mainly attributed to the prominent use of 28nm nodes in a wide range of applications, including mobile devices, automotive, and networking. However, 40nm and 65nm also cover substantial market share owing to their established production processes and application suitability. Therefore, they are widely used in consumer electronics manufacturing, such as gaming consoles, smart TVs, and set-top boxes.

Competitive Landscape

Major companies in the highly competitive Vietnam Semiconductor Market include Fuji Electric Co. Ltd, Hitachi Ltd, Infineon Technologies AG, Intel Corp., Microchip Technology, NXP Semiconductors, Qualcomm, Samsung, STMicroelectronics, and Texas Instruments. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In October 2024 – The Vietnam government announced its plans to establish over 20 semiconductor plants across the country.

Scope of the Report

By Component

• Memory Devices

• Logic Devices

• Analog ICs

• Microprocessors (MPUs)

• Microcontrollers (MCUs)

• Sensors

• Discrete Power Devices

• Others

By Type

• Intrinsic Semiconductors

• Extrinsic Semiconductors

By Node

• 28nm

• 40nm

• 65nm

• 90nm

• 120nm

• 130nm

By Material Type

• Silicon

• Germanium

• Gallium Arsenide

• Others

By Application

• IT & Telecommunications

• Defense & Military

• Industrial Applications

• Consumer Electronics

• Automotive

• Others

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Vietnam Semiconductor Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Government Support to Promote the Semiconductor Industry
         2. Abundant Labor Force
         3. Growing Demand for Electronic Devices within Vietnam
      2. Restraints
         1. Limited Domestic Capabilities
         2. Infrastructure Challenges Particularly in Terms of Power Supply and Transportation
         3. Competition from Other Countries
      3. Opportunities
         1. Growth of the Semiconductor Industry
         2. Innovation Hub for the Semiconductor Industry
         3. Strategic Partnerships and Collaborations with Foreign Companies
      4. Challenges
         1. Lack of Highly Skilled Engineers and Technicians
         2. Increasing Environmental Concerns
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Vietnam Semiconductor Market: Pricing Analysis
5. Vietnam Semiconductor Market: Marketing Strategies
6. Vietnam Semiconductor Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Component
         1. Memory Devices
         2. Logic Devices
         3. Analog ICs
         4. Microprocessors (MPUs)
         5. Microcontrollers (MCUs)
         6. Sensors
         7. Discrete Power Devices
         8. Others
      2. By Type
         1. Intrinsic Semiconductors
         2. Extrinsic Semiconductors
      3. By Node
         1. 28nm
         2. 40nm
         3. 65nm
         4. 90nm
         5. 120nm
         6. 130nm
      4. By Material Type
         1. Silicon
         2. Germanium
         3. Gallium Arsenide
         4. Others
      5. By Application
         1. IT & Telecommunications
         2. Defense & Military
         3. Industrial Applications
         4. Consumer Electronics
         5. Automotive
         6. Others
7. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Vietnam Semiconductor Company Market Share Analysis, 2023
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
8. Impact of Escalating Geopolitical Tensions on Vietnam Semiconductor Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
   1. Fuji Electric Co. Ltd
   2. Hitachi Ltd
   3. Infineon Technologies AG
   4. Intel Corp.
   5. Microchip Technology
   6. NXP Semiconductors
   7. Qualcomm
   8. Samsung
   9. STMicroelectronics
   10. Texas Instruments
   11. Other Prominent Players
10. Key Strategic Recommendations
11. Research Methodology
    1. Qualitative Research
       1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
       1. Secondary Research
       2. Primary Research
    4. Breakdown of Primary Research Respondents
    5. Assumption & Limitation

* Financial information of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

Figure 1       Vietnam Semiconductor Market Segmentation

Figure 2       Vietnam Semiconductor Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       Vietnam Semiconductor Market Size, By Value (USD Billion), 2019–2030

Figure 5       Vietnam Semiconductor Market Share, By Component, By Value (USD Billion), 2019–2030

Figure 6       Vietnam Semiconductor Market Share, By Type, By Value (USD Billion), 2019–2030

Figure 7       Vietnam Semiconductor Market Share, By Node, By Value (USD Billion), 2019–2030

Figure 8       Vietnam Semiconductor Market Share, By Material Type, By Value (USD Billion), 2019–2030

Figure 9       Vietnam Semiconductor Market Share, By Application, By Value (USD Billion), 2019–2030

List of Tables

Table 1      Vietnam Semiconductor Market Size, By Value (USD Billion), 2019–2030

Table 2      Vietnam Semiconductor Market Share, By Component, By Value (USD Billion), 2019–2030

Table 3      Vietnam Semiconductor Market Share, By Type, By Value (USD Billion), 2019–2030

Table 4      Vietnam Semiconductor Market Share, By Node, By Value (USD Billion), 2019–2030

Table 5      Vietnam Semiconductor Market Share, By Material Type, By Value (USD Billion), 2019–2030

Table 6      Vietnam Semiconductor Market Share, By Application, By Value (USD Billion), 2019–2030

Table 7      Fuji Electric Co. Ltd Company Overview

Table 8      Fuji Electric Co. Ltd Financial Overview

Table 9      Hitachi Ltd Company Overview

Table 10    Hitachi Ltd Financial Overview

Table 11    Infineon Technologies AG Company Overview

Table 12    Infineon Technologies AG Financial Overview

Table 13    Intel Corp. Company Overview

Table 14    Intel Corp. Financial Overview

Table 15    Microchip Technology Company Overview

Table 16    Microchip Technology Financial Overview

Table 17    NXP Semiconductors Company Overview

Table 18    NXP Semiconductors Financial Overview

Table 19    Qualcomm Company Overview

Table 20    Qualcomm Financial Overview

Table 21    Samsung Company Overview

Table 22    Samsung Financial Overview

Table 23    STMicroelectronics Company Overview

Table 24    STMicroelectronics Financial Overview

Table 25    Texas Instruments Company Overview

Table 26    Texas Instruments Financial Overview