Vietnam formulates semiconductor industry development strategy, aims to reach $100 billion output value by 2050

The Vietnamese government recently announced a semiconductor industry development strategy, which aims to achieve the goal of an annual semiconductor industry revenue of more than US$100 billion by 2050 through phased implementation. The strategy is summarized by the mathematical formula C=SET+1, where C stands for chips, S stands for specialization, E stands for electronics industry, T stands for talent, and +1 emphasizes Vietnam as a new safe destination for the global supply chain of the semiconductor industry.