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A Microchip representative revealed the plan at a working session with leaders of the municipal People’s Committee in HCM City on June 25.
The firm is seeking a location in the city that has complete infrastructure and trained workers for the project, said Ganesh Moorthy, Chief Operating Officer at Microchip Technology.
He also proposed that HCM City offer more incentives to the firm to realise its project.
Moorthy said the plant is part of an investment strategy the firm committed to HCM City in 2013, when it began to build the Research and Development Center (R&D) at the Saigon Hi-Tech Park (SHTP).
Microchip Technology Inc. is a leading provider of microcontroller and analog semiconductors, providing low-risk product development, lower total system cost and faster time to market for thousands of diverse customer applications worldwide.