Samsung Electronics is planning a major expansion of its semiconductor operations in Vietnam with a proposed investment of 39 trillion Vietnamese dong (approximately US$1.5 billion) to establish its first chip testing facility in the country.
According to a proposal document reviewed by Reuters, construction of the plant has already begun at an industrial park in Thai Nguyen Province, around 60 kilometres north of Hanoi. The facility is expected to commence operations in November 2027 and will focus on testing mature memory chips, including DRAM and NAND products.
The investment comes amid strong global demand for memory semiconductors, particularly from artificial intelligence data centres, which has tightened supply across several industries including smartphones, personal computers, and automotive manufacturing.
The proposed facility is expected to have an annual testing capacity of 153.3 billion gigabits of DRAM chips and 255.6 billion gigabits of NAND memory chips. While these products are not at the forefront of AI chip manufacturing, shortages have emerged as major semiconductor producers increasingly allocate capacity toward advanced AI-focused components.
The document also indicates that Samsung may reinvest profits from the project, potentially investing up to US$2.5 billion more in a second facility in the future. Vietnamese authorities reportedly approved the investment in March, although it remains unclear whether all regulatory and environmental approvals have been finalised.
More than 200 Samsung engineers and staff are reportedly already involved in the project, highlighting the company’s commitment to strengthening its semiconductor footprint in Vietnam and reinforcing the country’s growing role as a key hub within the global electronics and chip supply chain.
Ferrari unveils first all-electric car with a $640,000 price tag
Ferrari unveiled its first fully electric car on Monday, marking a bold and high-stakes shift for the luxury sports car manufacturer, even as rivals such as Porsche and Lamborghini scale back their EV plans due to weak demand.
The four-door “Luce,” meaning “light” in Italian, was developed with the involvement of former Apple design chief Jony Ive and his creative collective LoveFrom. It is Ferrari’s first five-seater model.
Targeting wealthy families, Ferrari designed the Luce to offer comfort alongside performance, featuring premium seating, advanced technology, and a 600-liter trunk. Deliveries of the long-anticipated vehicle, priced at €550,000 ($640,000), are expected to begin in the fourth quarter of 2026.
CEO Benedetto Vigna told more than 200 journalists in Rome that the project represents “five years of work.”
The Luce introduces a new approach to Ferrari’s electric identity, amplifying natural vibrations from its EV powertrain to preserve the emotional driving experience traditionally associated with combustion engines. The company is betting that a new generation of buyers, more connected to technology and artificial intelligence and less attached to the brand’s V12 and V8 heritage, will embrace high-end electric performance vehicles.
Ferrari also sees the model as a gateway to expanding in markets such as China, where EV adoption is high and large petrol-powered cars face heavy taxation.
Chief marketing and commercial officer Enrico Galliera noted that many customers are “still looking for something completely different, to be used in different moments of life.”
He described the Luce as “absolutely stunning,” highlighting its four electric motors—one at each wheel—producing over 1,000 horsepower, a top speed exceeding 310 kph, and enhanced agility despite a weight of more than 2.2 tons.
Ferrari claims the Luce offers a driving range of over 500 kilometers.
The launch event featured a light show with five Luce vehicles in gradient colors ranging from Ferrari red to white and light blue, signaling a design departure from the brand’s traditional aggressive, muscular styling toward a larger, more glass-focused aesthetic.
Inside, however, the Luce maintains Ferrari’s luxury identity, using leather, glass, and anodized aluminum materials. It also retains several physical controls, setting it apart from the fully digital, touch-heavy interfaces commonly seen in Tesla and some Chinese EVs.
Samsung Electronics plans $1.5 billion chip testing facility in Vietnam
