Saigon Semiconductor Technology Inc (SSTI) is the first local company to make 100 per cent investment in an integrated circuit manufacturing and production factory at the Saigon Hi-tech Park.— Photo dddn

HA NOI (Biz hub) — Saigon Semiconductor Technology Inc (SSTI) is the first local company to make 100 per cent investment in an integrated circuit manufacturing and production factory at the Saigon Hi-tech Park.

The US$257.5-million factory which covers an area of two hectares, will also have a research and development centre and an experimental research centre for developing multi-purpose products such as light-emitting diodes and solar cells.

The products of the factory are expected to replace imported goods, and connect with companies engaged in the provision and delivery of materials for setting up a compound semiconductor industry in Viet Nam.

Meanwhile, the Saigon Industry Corporation - One Member Limited plans to invest approximately VND6.6 trillion ($314.2 million) in constructing an integrated circuit production factory at the hi-tech park. However, it has not been granted an investment certificate so far.

In mid-2012, HCM City's People's Committee launched a programme to develop an integrated circuit industry in the city in the period of 2013-20. By 2017, the industry is expected to gain revenue of $100 million to $150 million, train about 2,000 engineers and technicians and incubate about 30 enterprises.— VNS