LED automotive lighting module maker Excellence Optoelectronics (EOI) expects to kick off volume production at its new plant in the US state of Michigan in the fourth quarter of 2022, instead of the second quarter set previously.

Vingroup chairman Pham Nhat Vuong said Vingroup will provide incentives and assistance in leasing land and facilities in Vietnam to auto chip makers who sets up production in Vietnam.

While chip manufacturing technology continues to advance toward sub-5nm processes, advanced packaging also has been widely recognized as a key segment to progress drastically with big investments by major players including TSMC, Samsung, Intel, ASE Technology and Amkor in the next decade. And TSMC is in pole position to outrace peers further through integrating its advanced manufacturing process nodes and 3D Fabric family of stacking and packaging technologies, according to industry observers.