FORBES Vietnam
According to the content of issue 127 of Forbes Vietnam.
Out of about 40 chip design companies operating in Vietnam, 3 out of every 4 businesses are foreign-invested companies. VNCHIP is a rare company founded by Vietnamese people in the semiconductor design sector, a field that is traditionally dominated by foreign-invested companies. “VNCHIP has never called for investment capital,” said Luc Duc Tri, 37, CEO of VNCHIP. Both VNCHIP and its founder are young in a field that requires a lot of experience and international relationships.
With more than 10 years of experience, VNCHIP founder Luc Duc Tri was determined to start a business instead of sitting in one place, receiving a salary that increases gradually according to seniority like most of his colleagues at foreign-invested companies. Switching from a technical person to a businessman, Tri managed on his own, learned business knowledge, went to fairs to find projects and gradually became resourceful. VNCHIP overcame the initial difficult period, using annual profits to reinvest. The company has just spent money to upgrade the server system, preparing for the plan to increase the number of engineers by the end of 2025 to about 100 people.
Tri built a direction for VNCHIP to do three jobs at the same time to “take the short to feed the long”. Simply put, “short” is providing services, taking chip design problems for other companies. “Long” is researching, developing and trading core semiconductor intellectual property (IP). If successful, IP research and development can create added value for VNCHIP’s core business of providing design solution services.
The founder also plans to issue bonus shares to retain talent and show gratitude to employees who have accompanied him. At the office, the company chooses a team management model learned from Japanese and American companies. Tri wants to build a company culture of solidarity, fun competition in small groups willing to complement each other’s skills, and work together to complete projects on schedule.
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