The expansion is expected to enhance Panjit’s overseas manufacturing capacity
Taiwanese chipmaker Panjit International Inc. has approved an additional $45 million investment to scale up its manufacturing facility in Ho Chi Minh City, strengthening its footprint in Southeast Asia’s growing semiconductor ecosystem. The move follows Panjit’s recent acquisition of a 95% stake in Torex Vietnam Semiconductor.
The fresh investment will be rolled out in phases after board approval and financed through a mix of internal funds and bank loans, according to a filing with the Taiwan Stock Exchange. The company aims to transform its Ho Chi Minh City plant into a strategic hub for power semiconductors, integrated circuits (ICs), automotive electronics, and green energy solutions.
The expansion is expected to enhance Panjit’s overseas manufacturing capacity, allowing greater flexibility in regional production allocation while improving its competitive positioning. The development also underscores Vietnam’s rising importance as a key node in global semiconductor supply chains.
This marks Panjit’s latest push in the country, coming six months after acquiring a majority stake in Torex Vietnam Semiconductor from Torex Semiconductor Ltd.. The acquisition, reportedly backed by around $10 million in internal funding, was aimed at adding automotive-grade power semiconductor packaging and testing capabilities in Vietnam, bolstering Panjit’s presence across AI, automotive, power supply, and green energy markets.
Operating under an integrated device manufacturer (IDM) model, Panjit combines design, fabrication, packaging, testing, and sales. Its diverse portfolio includes ICs, IGBTs, MOSFETs, diodes, SiC components, and protection devices, serving industries ranging from automotive and industrial to computing, consumer electronics, and communications.
