Alternatives to China: Vietnam, India slug it out for semicon investments

Vietnam has garnered investments of over $5 billion in the semiconductor space, which have been publicly announced or are in various stages of implementation

India and Vietnam are vying with each other to woo semiconductor companies to their country. With the tension between the US and China escalating, and Taiwan getting vulnerable both countries are trying to present themselves as alternative destinations for global players.

Vietnam, which started the effort as early as 2010, has got a leg-up after US President Joe Biden’s visit last month. The occasion saw the announcement of many semiconductor projects, including a $1.6 billion project by the outsourced semiconductor assembly and test (OSAT) company Amkor Technology. Amkor has chosen Vietnam to set up its second largest plant in the