FOREIGN INVESTORS POUR BILLIONS INTO VIETNAM S SEMICONDUCTOR SECTOR

What happened: Samsung Electro-Mechanics said on September 29 it plans to invest $1.85 billion to expand semiconductor packaging substrate production in Vietnam, and LG Innotek is finalising a $1 billion substrate plant in Haiphong. Key numbers: Samsung Electro-Mechanics $1.85 billion, targeting construction completion and Why it matters: The companies cite rapid growth in AI server and high-performance computing demand for high-value substrates. LG Innotek aims to grow semiconductor packaging solutions revenue to almost $2 billion by 2030 as its Gumi lines approach full utilisation.

Samsung Electro-Mechanics said on September 29 it plans to invest $1.85 billion to expand semiconductor packaging substrate production in Vietnam, and LG Innotek is finalising a $1 billion substrate plant in Haiphong.

The companies cite rapid growth in AI server and high-performance computing demand for high-value substrates. LG Innotek aims to grow semiconductor packaging solutions revenue to almost $2 billion by 2030 as its Gumi lines approach full utilisation.