The United States-headquarter semiconductor packaging & test services provider Amkor Technology urged Vietnam’s northern province of Bac Ninh, home to its factory in Vietnam, to prioritize Liquefied Petroleum Gas (LPG) for semiconductor factory in case of energy shortage, if any.

Kim Sung Hun, CEO of the firm’s subsidiary Amkor Technology Vietnam, made the request at a meeting on Monday with Bac Ninh authorities. He made another suggestion that Vietnam should provide support at 3% of the capital investment for semiconductor to boost production sustainability and efficiency.

Besides, the executive urged the local authorities to help train and retain talents for the sector.

In reply, Nguyen Hong Thai, Secretary of Bac Ninh Party Committee, said the province is willing to aid Amkor Technology. Regarding the financial support, the provincial leader asked Amkor Technology to follow the current policy, while the provincial authorities urge the government to update the legal framework.

For human resources, Thai said the province can meet Amkor Technology’s demand for high-quality workforce by pushing training and building houses for workers.

About energy supply, Thai ensured that the local supply can meet the demand and Bac Ninh will monitor the situation to prevent any supply disruption, he added.

To date, Amkor Technology has invested $1.6 billion in Vietnam and opened its factory in Bac Ninh province in 2024. The plant has an annual capacity of 420 million items, while Amkor is seeking permission to increase the output to 3.6 billion items annually.

Vietnam’s semiconductor sector has so far recorded foreign direct investment (FDI) of $14.2 billion across 241 projects, according to the government. The country now has 166 universities offering semiconductor-related courses, enrolling 134,000 students annually.

Vietnam records foreign investment $14.2B in semiconductor, to further attract big tech