CNS inks strategic partnership with card developer
Saigon Industry Corporation (CNS) has announced its strategic partnership with NXP Semiconductor to supply smart cards and solutions related to security cards.
Under the partnership, the Dutch card manufacturer will offer and assist CNS in the development of new-generation smart card solutions.
Chu Tien Dung, general director of CNS, said, “CNS is adopting solutions for the development of IC products in collaboration with foreign partners, including NXP. We are also working with many developers of cards, card readers and non-cash payment solutions. These are the contributors to the building of our IC factory in the city in the future.”
In addition, CNS aims to become a supplier of IC products, solutions and applications integrated with smart cards, security control cards and membership cards.
Together with NXP, CNS will carry out many projects of smart city and smart government, responding to the strategic development of the Internet of Things in Vietnam.
On this occasion, CNS also signed cooperation agreements with many other partners including card developers like VietCard, SmartWorld, Greentech and WireCard, to jointly offer solutions and applications for various fields like education, healthcare, and transport.
The IC factory of CNS will go up in the Saigon High-Tech Park in HCMC’s District 9. This is the “core” of the IC development program in the city with estimated investment of VND6.6 trillion.
The facility is designed with a capacity of some 5,000-10,000 semiconductor wafers per month. With the use of locally-produced IC, electronic and telecommunications products made in Vietnam may have their added value increase by 15-30%.
