Central city debuts first high-tech electronic factory

21-Oct-2020 Intellasia | VNS | 6:02 AM Print This Post

Trung Nam Group officially put into operation the first surface-mount technology (SMT) factory at the Da Nang Hi-tech Park after three months of construction during a ceremony late last week.

The factory, which was built with an investment of $7 million, is a milestone in boosting supportive industries and luring investment of hi-tech industries from the US, Japan, Korea, Taiwan and Singapore in Da Nang.

Trung Nam said the factory with three production lines could produce 6.2 million electronic products per year before expanding production of hi-tech electronic products and printed circuit boards across regional and world markets.

The plant will help the development of a hi-tech electronic complex, including a research and development (R&D) centre, electronic component production hub, high-quality human resources incubation and training centre, producing printed circuit boards and electronic components for export from early 2021.

The debut of the factory was built with support and cooperation from experts and partners from Silicon Valley in the US.

General director of Trung Nam, Nguyen Tam Tien said the factory will be a key step in building the 341ha Da Nang IT Park as central Vietnam’s ‘Silicon Valley’, and calling for investors from Silicon Valley and the US investing in healthcare, high-tech industries, Artificial Intelligence (AI), education, real estate and automation at Da Nang Hi-tech Park and Da Nang IT Park.

In 2019, two of the first Silicon Valley-based businesses Meritronics AMT Inc and Ai20X Silicon Valley agreed with Trung Nam Group to develop the Da Nang Information Technology Park as an expanded ‘Silicon Valley’ in Vietnam.

He said the introduction of the SMT factory would help build a foundation for a prosperous high-tech centre in Da Nang as well as in the region.

Tho said it would be the first ‘made-in-Vietnam’ high-tech electronics manufacturing centre in Vietnam serving global ‘giant investors’ in the future.

Earlier this year, the government approved the Da Nang IT Park as a centralised information technology (CIT) zone.

Trung Nam has completed the first investment phase on 131ha at the Da Nang IT Park with an investment of $47 million. It plans to develop the second phase on another 210ha with estimated funds of $74 million fulfilling the first ‘Silicon Valley’ in central Vietnam.

Universal Alloy Corporation a leading global manufacturer of aircraft components for aerospace companies from the US officially launched its factory for aircraft components worth $170 million, at the city’s Hi-Tech Park in March.

Alton Industry from the US also plans to build a robot manufacturing project in the city’s Hi-tech Park.



Category: Business, Vietnam

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