📊Executive Summary

LG Innotek is set to build a semiconductor substrate factory in Hai Phong, Vietnam, as part of a $10.6 billion investment in the region. The new facility, expected to begin construction in July 2026 and complete by May 2027, will produce RF-SiP, FC-CSP, and FC-BGA substrates to meet growing demand driven by 5G and AI applications. This expansion is crucial as LG Innotek's existing facility in South Korea is operating near full capacity. The investment aligns with LG's broader strategy to enhance its semiconductor packaging business, which aims for over $1.95 billion in revenue by 2030. This move highlights Vietnam's increasing role in the global semiconductor supply chain, particularly as companies seek to diversify production locations....