State Department to Promote Chips Production in Vietnam
The U.S. and Vietnam are exploring ways to collaborate on semiconductor production and investment, the State Department announced Monday. The Biden administration is partnering with the Vietnamese government through the Chips Act’s International Technology Security and Innovation Fund. The department…
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was granted $500 million through the fund to promote the development of telecommunications networks and semiconductor supply chain security. President Joe Biden wrapped up his visit to Vietnam on Monday. "This collaboration strives to identify new opportunities that attract industry investments and expand the technical workforces in both countries," the department said.