October 13, 2023 /SemiMedia/ -- Amkor announced the official opening of a $1.6 billion chip packaging and testing factory in Vietnam, the latest in a series of foreign semiconductor investments by the company in the Southeast Asian country.

Amkor said the facility will use its most advanced technology and focus on providing storage, design and electrical test services to automotive, communications and advanced computing customers. System-in-package (SiP) will be the primary project at the facility in Bac Ninh Province, Vietnam.

This state-of-the-art facility in Vietnam will help Amkor provide customers with unparalleled geographic coverage, supporting global supply chains while also supporting regional supply chains," said Amkor President Giel Rutten. "This is the safe and reliable supply chain our customers demand.”