South Korea’s Samsung Electronics intends to invest VND39 trillion ($1.5bn) to build a semiconductor testing plant in Vietnam, according to company documents sent to local regulators and available to Reuters.
Construction of the site has already begun in an industrial zone 60 kilometres north of Hanoi, the agency said. The facility is expected to be operational in November 2027.
Samsung expects the site to test 153.3 billion Gbits worth of DRAM memory chips and 255.6 billion Gbits worth of NAND chips annually.
Profits generated by the Vietnamese plant will be reinvested in the construction of a second similar site.
Samsung shares rose 2.7 per cent in trading in Seoul on Wednesday. The company’s capitalisation has soared almost 2.6 times since the beginning of the year.