US & Vietnam sign deal on semiconductor supply chains

US & Vietnam sign deal on semiconductor supply chains

Daily Current Affairs   /   US & Vietnam sign deal on semiconductor supply chains

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Category : International Published on: September 15 2023

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  • The United States and Vietnam have signed a deal on semiconductor supply chains to expand the capacity of the semiconductor ecosystem in Hanoi, in support of the US industry.
  • The newly-signed Memorandum of Cooperation on Semiconductor Supply Chains, Workforce and Ecosystem Development will formalize this bilateral partnership to expand the capacity of the semiconductor ecosystem in Vietnam, in support of US industry.
  • The US and Vietnam also launched of comprehensive workforce development initiatives in Vietnam that jointly develop hands-on teaching labs and training courses for semiconductor assembly, testing, and packaging.
  • The US government will provide initial seed funding of 2 million US Dollars to launch the initiatives, in conjunction with future support from the Government of Vietnam and the private sector.
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