Washington, Hanoi agree on supply of semiconductors to US

The US and Vietnam have entered into agreements to supply semiconductors to the US industry, reads a statement released by the White House in connection with the signing of an agreement to establish a bilateral strategic partnership, Report informs.

Washington and Hanoi announced a new semiconductor partnership to support sustainable semiconductor supply chains for the US industry, consumers and workers. In addition, the parties begin implementing comprehensive workforce development initiatives in Vietnam in the field of semiconductor design and manufacturing.

“Toward this end, the United States and Vietnam announced the launch of semiconductor workforce development initiatives – supported by initial seed funding of $2 million from the US government, in conjunction with future Vietnamese government and private sector support,” reads the statement.