“The MEMS/Sensors industry has tremendous potential and development opportunities in HCM City. The city plans to co-operate with domestic and foreign businesses in the field of investment and technology transfer, especially in design, manufacturing, packaging, testing and commercialisation of MEMS/Sensor products,” Trần Vĩnh Tuyến, deputy chairman of the municipal People’s Committee, said at the first annual MEMS/Sensors Forum 2017, held in the city on Thursday.
Tom Nguyen, a Vietnamese-American, and founder and CEO of DunAn Sensing, noted that the MEMS market was large, not only in Viet Nam but all over the world.
“Last year, there were 16 billion MEMS products and the industry is expected to reach turnover of US$20 billion by 2020,” he said.
The MEMS/Sensors market is now driven by automotive applications, according to Nguyen, who has 30 years of experience in the field.
However, the market is expanding to new industries like smart homes, smart buildings, healthcare, office and factory management, and environment control.
“Right now, the Internet of Things (IoT) is becoming more common. It relies on big data and artificial intelligence (AI), which depends on trillions of sensors with MEMS content,” he said. “I can confirm that our present and future smart ‘everything’ depends on MEMS sensors and products.”
The MEMS industry can prosper in Viet Nam because of the low investment needed to start business.
“MEMS technology doesn’t depend on the latest expensive photolithography capability, which reduces the risk and extends the longevity of capital investments. Compared with the latest semiconductor fabrication facilities, which require several billions of dollars in initial investment, MEMS fabrication facilities need from $20 million to $150 million, depending on planned capacity,” he said.