FPT Starts Trial Runs at Bac Ninh Chip Testing Plant With 300M Annual Capacity

Overview

FPT Corp (HOSE: FPT) has placed its semiconductor testing and packaging plant in Bắc Ninh into trial operations, with six lines and a design capacity of up to 300 million chips per year. The facility, operated under FPT Analysis Technologies, is expected to fulfil its first testing order for a Korean partner, extending the group’s technology footprint beyond IT services into outsourced back-end semiconductor services.

Key Facts

• The plant is located in Yên Phong II-C Industrial Park, Bắc Ninh province, and covers 1,600 m².
• Phase 1 comprises 6 production lines with design capacity of up to 300 million chips per year.
• Initial scope covers functional, quality and reliability testing of semiconductor chips for domestic and international customers.
• Testing uses automated test equipment (ATE Tester) paired with Handler equipment to sort chips as pass or fail.
• Operations run in a Class 10.000 cleanroom (ISO Class 7) to control dust and environmental factors.
• The first testing order is expected from a Korean partner; FPT does not disclose its value or volume.
• The operations team includes engineers with prior experience at Intel’s Vietnam facility; from December 2026, FPT plans a pilot programme with FPT Polytechnic College for student practice on the testing lines.

What Happened

FPT Group brought the FPT Analysis Technologies semiconductor testing and packaging facility into trial operation in phase 1 at Yên Phong II-C Industrial Park in Bắc Ninh. According to the company, the plant houses six lines with a maximum design capacity of 300 million chips per year. In this first phase the site focuses on checking chip function, quality and reliability for both domestic and international customers.

The facility uses automated test equipment combined with Handler devices to test and bin chips by pass or fail results, with testing conducted in a Class 10.000 (ISO Class 7) cleanroom. Beyond functional checks, the plant runs durability and reliability tests under high temperature, repeated thermal cycling and varying humidity conditions. FPT said it is studying the application of artificial intelligence to test-programme development, from data processing and technical requirements to configuration and result evaluation. The company expects to carry out its first chip testing order for a Korean partner, which would be the opening contract for its chip testing service business. FPT also plans to expand into deeper testing and semiconductor packaging technology in later phases.

Market Context

FPT shares closed at VND 50 on 3 November 2026, down 0.80% on volume of 3,382,200 shares, on HOSE. The stock has traded in a technology sector that has drawn sustained foreign and domestic interest on the back of Vietnam’s positioning as a semiconductor supply-chain relocation destination. The trial operation is an early-stage operational milestone rather than a revenue event; the plant’s contribution to group earnings will depend on converting trial capacity into recurring testing contracts.

Strategic Significance

The plant moves FPT from a pure IT services and software exporter into the back-end semiconductor value chain, specifically outsourced assembly and test (OSAT) services. That segment is capital- and skill-intensive, and Vietnam currently hosts limited domestic capacity relative to Malaysia, Thailand and China. FPT’s hiring of engineers with Intel Vietnam experience and its plan to feed FPT Polytechnic students into the lines suggest an intent to build a local talent pipeline rather than rely on imported expertise. For long-term holders, the thesis rests on whether FPT can win repeat orders from Korean and other foreign chipmakers and eventually add packaging, which carries higher margins than testing alone.

What to Watch

• Confirmation of the first Korean partner order, including volume and contract value, which FPT has not disclosed.
• Timing of the transition from trial operation to full commercial operation of the six lines.
• Any announcement on phase 2 expansion into advanced testing and chip packaging.
• The December 2026 FPT Polytechnic pilot programme and its effect on staffing for higher utilisation.
• FPT’s next quarterly earnings disclosure for any segment reporting on semiconductor services.