U.S. companies are ramping up interest in Vietnam’s semiconductor sector, according to John Neuffer, President of the Semiconductor Industry Association (SIA). Speaking during a meeting with Prime Minister Pham Minh Chinh in Hanoi on December 10, Neuffer highlighted Vietnam’s appeal as an investment destination, praising initiatives to train 50,000 semiconductor engineers and develop the sector.

Prime Minister Chinh urged U.S. corporations to expand partnerships in semiconductors, artificial intelligence, and cloud computing while advocating for U.S. government support to remove high-tech export restrictions and recognize Vietnam as a market economy.

On the same day, the Prime Minister met with David Petraeus of global investment firm KKR, which has invested over US$2 billion in Vietnam. Petraeus confirmed plans for continued expansion in key sectors like healthcare and technology.