# Hana Micron to invest $1bn in Vietnam chip production

Hana Micron plans to invest US$1 billion in chip production in Vietnam by 2025. The company inaugurated its second factory in Bac Giang Province on September 16, 2023, and expects the factory to generate $800 million in revenue and create over 4,000 jobs by 2025.

- Type: Investment
- Announced: 2023-10-03
- Where: Bac Giang Province, Vietnam, Vietnam
- Value: $1.00B
- Jobs: 4,000
- Starts operating: 2025
- Status: under construction
- Products: chip packaging, memory products, IC boards
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Hana Micron](https://endata.com/companies/33746.md)

## Sources

- [news.tuoitre.vn](https://news.tuoitre.vn/south-koreas-hana-micron-to-invest-1bn-in-vietnam-chip-production-10375944.htm), 2023-10-03: "Hana Micron's Bac Giang project plays a key role in the socioeconomic development of the region and ... follows the development direction of the government."

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