Seoul, June 9 -- LG Innotek, an affiliate of the Republic of Korea's LG Group, has announced a plan to build its first semiconductor substrate plant in Vietnam, marking a significant step in expanding its production capacity and strengthening its semiconductor packaging solutions business.

LG Innotek signed a memorandum of understanding (MoU) with the Hai Phong municipal government on June 4 at LG Science Park in Seoul for the investment project. The signing ceremony was attended by Hai Phong People's Committee Chairman Do Thanh Trung, LG Innotek CEO Moon Hyuk-soo and senior company executives. Under the agreement, LG Innotek will construct the new facility in Hai Phong through its Vietnamese manufacturing subsidiary. Construction is sch...