Vietnam one of four Asian chip manufacturers supplying the US
Country has accounted for over 10% of US chip imports for seven straight months.
Vietnam is considered one of four “winners” after chip manufacturing began to be relocated from traditional markets such as Taiwan (China) and China, according to Bloomberg.
The three other winners are Cambodia, India, and Thailand.
US chip imports rose 17 per cent year-on-year in February to $4,86 billion, according to the US Census. Imports from Asia accounted for 83 per cent of the total.
Imports from India saw unprecedented growth, with turnover increasing 34-fold to $152 million.
Imports from Cambodia also rose impressively, by nearly seven-fold, to slightly more than the import turnover of $166 million posted by Japan, the traditional chip manufacturer.
Vietnam and Thailand, which both have much larger slices of the chip-making market, increased their exports to the US by 75 per cent and 62 per cent, respectively.
Vietnam has accounted for over 10 per cent of US imports for seven straight months.
These results confirm the success of the US diversifying its electronics supply chain by shifting manufacturers from traditional markets to emerging markets.
