-

FPT Software Launches Chipmaking Subsidiary; Produces First Semiconductor Chips

HANOI, Vietnam--(BUSINESS WIRE)--Vietnam’s leading ICT company FPT Software has launched a new subsidiary, FPT Semiconductor, marking a key milestone for the company as it enters the booming semiconductor industry. Through the new subsidiary, FPT Software aims to gain a slice of Asia Pacific’s semiconductor market which accounts for 60 percent of global sales1. IDC projects that worldwide semiconductor revenue will reach $661 billion in 2022, an increase of 13.7 percent over 20212.

FPT Semiconductor released its first integrated circuits (ICs), which were designed in Vietnam and manufactured in South Korea, in August 2022. These ICs will be used in Internet of Things (IoT) medical devices. 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.

“We look forward to contributing to the development of the fast-growing semiconductor industry in Vietnam and Asia on a broader scale,” said FPT Semiconductor’s Founder & Chief Executive Officer Nguyen Vinh Quang. “FPT Semiconductor looks to become the chip supplier of choice for businesses in Vietnam and further in Japan, Korea, Taiwan, China, the United States, and Europe,” he said.

After 23 years of leadership in IT services and solutions in Vietnam, FPT Software decided to venture into fabless manufacturing. With the establishment of FPT Semiconductor, FPT Software continues to extend its comprehensive ecosystem of digital transformation services and solutions. Building on the global presence and years of experience across various domains, FPT Software hopes to accompany clients with consulting and implementing tailor-made solutions, and now with supplying semiconductor components added to its portfolio.

“We are proud that the whole research and development process is conducted by FPT Software’s leading engineers in Vietnam,” said FPT Software Chief Operating Officer and FPT Semiconductor Chairman Tran Dang Hoa. “The launch of FPT Semiconductor is a testament to Vietnamese intelligence as well as our commitment to continue seeking areas to grow, bringing technological advancement to the business community,” he added.

Semiconductors are a vital component for many industries from consumer electronics to aerospace and have been in high demand since the pandemic. Further advancements in semiconductor technology will be essential to facilitate a new wave of transformative technologies, including Artificial Intelligence (AI), 5G, autonomous electric vehicles and IoT solutions3.

About FPT Software

FPT Software is a part of FPT Corporation, a globally leading technology and IT services & solutions provider headquartered in Vietnam, with nearly US$1.6 billion in revenue and 54,000 employees in 28 countries. As a pioneer in digital transformation, it delivers world-class services in Smart factories, Digital platforms, RPA, AI, IoT, Enterprise Mobility, Digital Product Development, Cloud, AR/VR, Business Applications, Application Services, Managed Services, and so on. The company has served 1,000+ customers worldwide, 85 of which are Fortune Global 500 companies in the industries of Aerospace & Aviation, Manufacturing & Automotive, Banking Finance Insurance, Logistics & Transportation, Healthcare & Life Sciences, Retail, Utilities & Energy, and more. For further information, please visit http://www.fpt-software.com.

1 https://www2.deloitte.com/cn/en/pages/about-deloitte/articles/rise-of-the-asia-pacific-big-4-semiconductor-markets-on-global-stage.html

2 https://www.idc.com/getdoc.jsp?containerId=prAP49266822

3 https://www.semiconductors.org/wp-content/uploads/2021/05/BCG-x-SIA-Strengthening-the-Global-Semiconductor-Value-Chain-April-2021_1.pdf

Contacts

Mai Duong (Ms.)
FPT Software
PR Manager
Email: MCP.PR@fsoft.com.vn
Website: https://www.fpt-software.com/newsroom/

FPT Software

HOSE:FPT

Release Summary
FPT Software aims to tap into Asia Pacific’s semiconductor market which accounts for 60 percent of global semiconductor sales

Contacts

Mai Duong (Ms.)
FPT Software
PR Manager
Email: MCP.PR@fsoft.com.vn
Website: https://www.fpt-software.com/newsroom/

Social Media Profiles
More News From FPT Software

Chelsea Football Club Select World-Class Technology Partner FPT to Drive Global Transformation

LONDON--(BUSINESS WIRE)--Chelsea Football Club is excited to announce an innovative global partnership with FPT Corporation (FPT), Vietnam’s most successful technology solutions provider, who specialise in supporting the digital transformation journeys of several of the world's largest organisations with AI-enabled services and solutions. Founded in 1988, FPT has driven Vietnam’s technology surge over the last three decades. The market-leader will bring its future-ready technology and industry-...

GE HealthCare and FPT Expand Strategic Partnership to Drive AI-Powered Healthcare Innovation

HANOI, Vietnam--(BUSINESS WIRE)--Global IT firm FPT and GE HealthCare announced a Strategic Cooperation Agreement, expanding their commercial alliance to advance product strategy and development, and establish an FPT Competency Center in Vietnam. This deepening collaboration reflects a strategic shift from project-based engagement to a long-term alliance aimed at accelerating the adoption of AI-driven solutions, enhancing operational efficiency, and improving patient care. As part of the commer...

FPT and AUO Display Plus Partner to Accelerate Technology Innovation Across Multiple Sectors

TAIPEI, Taiwan--(BUSINESS WIRE)--Global IT services provider FPT and AUO Display Plus, a subsidiary of AUO Corporation and leader in smart display solutions, have recently signed a Memorandum of Understanding (MoU) to drive technology innovation across key areas, including smart office solutions, smart healthcare, and smart factories. Under this MoU, the two companies will leverage emerging technologies to enhance production processes, ensuring greater efficiency and quality in AUO Display Plus...
Back to Newsroom