South Korean Company "LG Innotek" to invest in a $1 billion Semiconductor Chip Substrate Manufacturing Plant in Vietnam
Another South Korean Technology Giant Company, this time "LG" thru their Subsidiary "LG Innotek" was just given an official approval by the Vietnamese Government to build a $1 billion Semiconductor Substrate Plant in the City of Hai Phong.
It will be the first High Technology Project in the City's new Free Trade Zone, and will be 330,000 square meters in Size, or equivalent to 45 Standard Football Fields. Construction will start later this Year of 2026 and full Mass Production will be made in the third Quarter of 2028.
"Semiconductor Substrate Factories" process Raw Silicon Wafers into finished Microchips which are used for Smartphones and Artificial Intelligence (AI) Devices, among other Things. LG now joins several other big Semiconductor Companies that are already in Vietnam like Intel, Amkor and Samsung.
SOURCE: South Korea's LG Innotek to invest $1 billion in Vietnam Chip Substrate Plant {Archived Link}
