Key facts
- LG Innotek is investing $1 billion in Vietnam.
- A new semiconductor substrate manufacturing plant will be built in Hai Phong, Vietnam.
- The facility will cover 330,000 square meters.
- Construction is expected to begin in July.
- The plant is expected to be completed by May 2027.
- The plant will produce advanced substrates for AI, 5G, and 6G technologies.
LG Innotek announces a significant investment of $1 billion to construct a new semiconductor substrate manufacturing plant in Hai Phong, Vietnam. This strategic expansion aims to meet the growing global demand for advanced semiconductor components. The planned facility will cover an expansive area of 330,000 square meters. Construction is scheduled to commence in July, with the plant anticipated to be fully operational by May 2027. The primary output of this new facility will be advanced substrates, which are critical components for cutting-edge technologies such as artificial intelligence (AI), 5G, and 6G networks. This investment underscores LG Innotek's commitment to advancing its capabilities in the high-tech semiconductor supply chain and solidifies its presence in Vietnam.