# ITM Semiconductor to build 5th factory for battery protection IC in Vietnam

ITM Semiconductor will invest 54.8 billion won to build its fifth factory for battery protective circuits in Bac Ninh, Vietnam, to meet rising demand from wireless earphones and other devices.

- Type: New facility
- Announced: 2020-12-07
- Where: VISP Bac Ninh, Bac Ninh, Vietnam
- Value: $50.0M (54.8B KRW)
- Status: announced
- Products: battery protective circuits, protection module package
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [ITM Semiconductor](https://endata.com/companies/42863.md)

## Sources

- [thelec.net](https://www.thelec.net/news/articleView.html?idxno=1978), 2020-12-07: "ITM Semiconductor said on Monday that it will invest 54.8 billion won to built its fifth factory for battery protective circuit in Vietnam."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.