MoU Between Authority of Information Technology and Communications Industry of Vietnam and Synopsys Supports Development of Semiconductor Industry

SUNNYVALE, Calif., Sept. 19, 2023 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) today announced its collaboration with the Authority of ICT Industry of Vietnam (AICTI), under the Ministry of Information and Communications (MIC), to advance semiconductor development in Vietnam. As part of the collaboration, Synopsys will also support the AICTI's plans to establish a Vietnam semiconductor research institute.

Vietnam Prime Minister, Pham Minh Chinh, along with a delegation of Vietnamese leaders participate in a signing ceremony at Synopsys headquarters in Sunnyvale, Calif. for an agreement between the Authority of Information Technology and Communications Industry of Vietnam and Synopsys to support the development of the country’s semiconductor industry.

The AICTI is building a strategic plan for the development of semiconductors in Hanoi, Vietnam, which includes Synopsys advanced technologies in prototyping and emulation for optimizing software and hardware SoC co-designs. The collaboration aims to establish a R&D fabrication and high-end emulation center, cultivate advanced IC design start-ups, and facilitate R&D fabrication production capabilities in Vietnam. 

"Synopsys is known for its industry-leading semiconductor design software, IP, and software security solutions," said Dr. Nguyen Thien Nghia, Director of AICTI, MIC. "The collaboration for AICTI, MIC in Vietnam can benefit from the company's world-class design technology by cultivating our future chip designers with the latest industry trends. The cooperation can also help facilitate the development of Vietnam's semiconductor industry."

"The AICTI under the MIC is the authority to promote ICT industry growth, and support Vietnam joining the semiconductor supply chain worldwide," said Dr. Robert Li, Synopsys Sales Vice President of Taiwan and South Asia. "We are happy to support the MIC as it develops a strategic plan to establish a Vietnam semiconductor research institute featuring Synopsys advanced technology."

Synopsys is committed to helping the Vietnam semiconductor industry cultivate its IC design workforce and R&D fabrication capabilities. Mr. Li added, "The successful development of the semiconductor industry requires teamwork. Synopsys will work closely with the AICTI, MIC to help further Vietnam's semiconductor leadership in the region."  

A signing ceremony was observed by his excellency Pham Minh Chinh, Prime Minister of Vietnam; his excellency Nguyen Manh Hung, Minister of the Ministry of Information and Communications; and other Vietnamese leaders in the Vietnamese delegation during a visit to the Synopsys headquarters in Sunnyvale, Calif. During the ceremony, Dr. Robert Li, Synopsys Sales Vice President of Taiwan and South Asia, signed a Memorandum of Understanding (MoU) on September 18, 2023 with Dr. Nguyen Thien Nghia, Director of AICTI, MIC. Mr. Joachim Kunkel, General Manager of the Synopsys Solutions Group, Corporate Staff, and other Synopsys executives also participated in the ceremony.

About Synopsys
Synopsys Inc. (Nasdaq: SNPS) is the Silicon to Software™ partner for innovative companies developing the electronic products and software applications we rely on every day. As an S&P 500 company, Synopsys has a long history of being a global leader in electronic design automation (EDA) and semiconductor IP and offers the industry's broadest portfolio of application security testing tools and services. Whether you're a system-on-chip (SoC) designer creating advanced semiconductors, or a software developer writing more secure, high-quality code, Synopsys has the solutions needed to deliver innovative products. Learn more at www.synopsys.com.

Editorial Contact:
Cara Walker 
Synopsys, Inc. 
(650) 584-5000 
cara@synopsys.com
corp-pr@synopsys.com  

Synopsys
Source: Synopsys, Inc. Related Stocks: NASDAQ:SNPS