Da Nang city's representatives share a photo session with Intel's leadership at an investment promotion program in the US. (Photo courtesy of Vo Hoang Phuc)

After an investment promotion visit to the US last week, a source from the city’s leadership stressed that Da Nang would offer the most favorable conditions for investors and businesses from the US working in semiconductor and AI technology.
Gilberto Vargas, Vice President, General Manager of Datacenter & AI Sales and Marketing of Intel, said Vietnam and Da Nang were seen as attractive investment destinations with young labor forces.
He said Intel Products Vietnam was one of the world’s four largest assembly and tester plants, and that Vietnam had been listed in the Intel’s Digital Readiness Program in the world that concentrated in the US, Germany, the Republic of Korea and Vietnam. 

Secretary of the municipal Party Committee Nguyen Van Quang said Da Nang had been luring investors in semiconductor by emphasizing potential human resources, information technology infrastructure and digitalization, as well as administration reform.

In working sessions with Marvell Technology Inc and Synopsys electronic design automation company, the city’s leader also called for expansion of operations in Da Nang from the two technology businesses.

Marvell's Chief Administration and Legal Officer Mitch Gaynor said it had established two offices in Ho Chi Minh City with 300 employees, and the company would review opening the country’s third office in Da Nang in the visit in January 2024.

Meanwhile, Synopsys is operating four offices in HCM City and Da Nang with 500 engineers, and Synopsys had inked a Memorandum of Understanding with Da Nang in human resource development in semiconductors.

Da Nang also urged Synopsys to support partnership connections on integrated circuit design engineer certification in the near future.