Samsung Electronics mulls investment in chip testing and packaging facilities in Vietnam

SEOUL/HANOI, April 9 (Reuters) - ‌South Korean ​tech ​giant Samsung Electronics is considering investing in chip-testing and packaging facilities in ‌Vietnam, a person familiar with the matter told ⁠Reuters, without elaborating on the value and timeline of ‌the investment.

A Samsung Electronics ‌spokesperson was not immediately available for comment.

* Vietnam's Ministry of Finance on Thursday said it ​wasworking with Samsung on a semiconductor project. * "The ministry is coordinating with other ministries andagencies ⁠to finalise and submit to the Prime Minister theMemorandum of ​Understanding between the Government of Vietnamand Samsung Group regarding the group's semiconductormanufacturing project in ​Vietnam," the ministry said ‌in astatement. * A second source familiar with Samsung activities inVietnam said the ⁠company had signalled to Vietnamese authoritiesfor a long time its intention to launch semiconductor operationsin the country, ⁠without elaborating on the timing or size of thepossible investment. * ​Samsung is the largest single foreign investor in theSoutheast Asian country, having invested over $23 billion intothe country so ‌far, according to the Vietnamese government. * Bloomberg reported that Samsung Electronics plans ‌a $4billion outlay to build a chip-packaging plant ⁠in northernVietnam.

(Reporting by Hyunjoo ‌Jin in Seoul, ​Francesco Guarascio and Khanh Vu in Hanoi; Editing by Susan Fenton and Keith ‌Weir)

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