NXP Semiconductors BV, Netherlands’ privately-held chipmaker, said that it is negotiating with several Vietnamese partners to make cheap mobile phones worth below US$30 each, the VietnamNet newspaper reported June 13.
The “made-in-Vietnam” mobile phones will be introduced in Vietnam, where is home to over 48 million mobile service subscribers, by late this year, the newspaper said.
NXP, which opened a representative office in Vietnam, plans to move its research and development center to Vietnam soon for manufacturing cheap mobile phones. It will set up a mobile phone retailing network in the country to boost its operations.
The firm also intends to produce LCD TV sets, washing machines and personal entertainment devices in the coming time; the newspaper cited Jack Van Mook, CEO of NXP Southeast Asia as saying.
Vietnam is a top choice for NXP in the field of electronic component market as its great demand for electronic products, he said, adding that the country is forecast to import up to US$4 billion of electronic components by 2010, if this market increases 16 per cent annually.
NXP, one of ten largest semiconductor companies in the world, has around 37,000 workers in 20 countries.
It reached revenue of US$6.3 billion last year. The company has many direct clients, making up 70 per cent of its revenue, with famous names like Nokia, Philips, Samsung, Siemens, Sony, Dell, Ericsson, Foxconn among others. (VietnamNet)
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