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“Entrepreneurship in Asian High-Tech Industries” OPPORTUNITIES & CHALLENGES in VIET NAM US – ASIA TECHNOLOGY MANAGEMENT CENTER STANFORD UNIVERSITY – SCHOOL OF ENGINEERING May 6th 2008 GES Company Confidential Scale Image of Semiconductor Market 33 trillion $US (World GDP) The World Economy trillion $US Electronic Products Solar Cell App, emerging 275 Billion $US 40 Billion $US Electronic Devices (Semiconductor/FPD) Semiconductor/FPD Production Equipment Source: Gartner Dataquest GES Company Confidential WW Semiconductor Capital Equipment Annual Spending from 2006 - 2009 Projection indicates most semiconductor manufacturing capacities are in Asia North America 15% Asia 78% Europe 7% GES Company Confidential New Waves of Growth In the Semiconductor Market , going green Expanding from Advanced Nations to Economic Zones, Developing Nations Source: TEL GES Company Confidential New Wave II – Geographical Expansion Expanding from Advanced Nations to Economy Zone, Growing Nations Asia Central & South America Mexico China Brazil India Viet Nam Argentine Indonesia etc Malaysia Philippine Thailand Viet Nam etc East Europe Middle East, Africa Russia Czech Slovakia Hungary Poland Turkey Rumania etc Saudi Arabia Egypt South Africa Nigeria etc GES Company Confidential New Wave II – Geographical Expansion Emerging Country: China, India, Viet Nam, Africa, Latin & Central America, Eastern Europe, Middle East Source: Goldman Sachs, Nikkei Market Access GES Company Confidential New Wave II – Geographical Expansion GES Company Confidential OPPORTUNITIES IN VIET NAM GES Company Confidential Thriving Economy GES Company Confidential A population of 85 million people A huge potential electronics product consumer market GES Company Confidential The return of Boat People 2.7M overseas Vietnamese are tricking back, bring $ and skills Brought in $5.5 billions in 2007, officially GES Company Confidential Private Sector in Viet Nam GES Company Confidential From command economy to free competition Free trade, free market, high tech economies • Entrepreneurship to flourish – Almost every household is running a micro-business on the side • Privatization of state owned enterprises • Ambitious companies are coming to the VN stock market GES Company Confidential Private Equity Funds in VN on the rise • At the beginning of 2003 … • And now … Over 40 private equity funds established and counting GES Company Confidential Viet Nam is the heart of its growth phase GES Company Confidential Exit Options • • • • Going IPO - Listing in VN stock exchange Listing in Hong Kong stock exchange or NASDAQ M & A with international firms “Built to Last” home grown companies - FPT, Vina Milk, …, with market cap over $1bn GES Company Confidential Challenges as a developing country • Uneven or lack of infrastructure • Education and training – Need improvement – Shortage of people with higher skills – More competition • Small high-tech internal market • Rising inflation • The slowing down stock market GES Company Confidential Viet Nam - An Investment Darling Its advantages … Safe Business Environment Tax Incentives Competitive Labor Cost Stable Social-Political Environment Potential Market of 100M people GES Company Confidential Area of Opportunities for Entrepreneurs • • • • • • • • “China plus One” model Manufacturing and support industries Computer hardware & services Education & training Infrastructure and real estate development Tourism, hotels and resorts development Health care Distribution and retailing GES Company Confidential WHY GES? SEMICONDUCTOR FAB SERVICE SOLUTION GES Company Confidential Opportunities for GES • Growing high tech market in Asia • Semiconductor and LCD industry are searching ways to improve gross margin • Global shortage of skilled workers, especially in Asia • Outsourcing solution has been successful in the software space – Successful stories: Infosys, Wipro, etc – Increasing demand in hardware space • Industry growth, market liberalization and incentives Viet Nam is offering • Exciting and highly achievable Exit options • Team’s passion to be a part in building the high tech industry in Viet Nam GES Company Confidential GES Business Outsourcing - Consulting - Manufacturing • GES provides the semiconductor, Flat Panel Display and the emerging solar cell industry the quality and low cost outsourcing solution ¾ ¾ ¾ ¾ Equipment design and engineering service Equipment training and field service support Device and equipment test and assembly service Turn key equipment manufacturing service GES Company Confidential About GES Inc • • • • • A California corporation, established in July 2006 Employees: 100+ Profitable since Dec 2006 Funded by venture capital and private investors Operations: – San Jose, California – Saigon, Viet Nam – Tokyo, Japan – Taipei, Taiwan GES Company Confidential GES VN MANUFACTURING & SERVICE CENTER • Next to Intel’s world largest test and assembly plant • Scheduled for completion in Dec 2008 • 65,000 ft2 of high tech manufacturing/business operation space GES Company Confidential THANK YOU GES Company Confidential