Cooler Master Plans to Rent 11 Hectares of Land for Its Expansion in Bac Ninh
Bac Ninh province is urging relevant departments to expedite the necessary procedures to issue an investment decision for Cooler Master, a leading global manufacturer of cooling solutions, in August. The company is set to expand its operations in the Gia Binh Industrial Park, with a focus on AI-related manufacturing products.
Cooler Master's expansion includes leasing an additional 11 hectares of land, bringing the total investment in Vietnam to between $800 million and $900 million. The company's current factory in Bac Ninh specializes in cooling modules for AI servers, machine learning systems, and precision liquid-cooled air conditioners for data centers. This expansion is expected to support the advancement of AI-related manufacturing capabilities.
However, specific details on an AI research center, technical training school, or high-rise building models have not been disclosed in the available data. Vuong Quoc Tuan, Chairman of Bac Ninh People's Committee, has committed to supporting Cooler Master during the construction process, including land allocation, planning information, and infrastructure development assistance.
In a positive sign for the future of high-tech investments in Bac Ninh, Cooler Master's project has the potential to attract more such investments to the province. The province is also offering preferential policies for high-tech workforce training, specifically in AI.
Meanwhile, LH, a Korean firm, is seeking cooperation in developing an urban project in Bac Ninh. KTG Industrial has launched phase 1 of VSIP Bac Ninh 2, a LEED Gold-certified ready-built factory. The development at VSIP Bac Ninh 2 is guided by Environmental, Social, and Governance (ESG) principles, focusing on sustainable growth and lasting environmental impacts.
In a significant environmental initiative, the launch of VSIP Bac Ninh 2 includes the planting of 5,000 trees across 10 hectares of reforested land. Kinh Bac Urban Development Corporation has also paid a land-use rights fee of VND6.86 trillion ($265.2 million) for residential land in Trang Cat Urban and Service Area ahead of schedule.
Andy Lin, chairman of Cooler Master, expressed interest in collaborating with Bac Ninh province to establish an AI research center and a technical training school. The first phase of Cooler Master's factory is expected to commence operations in early 2026.
In conclusion, Cooler Master's expansion in Bac Ninh represents a significant investment in Vietnam's AI manufacturing sector. While specific details on some aspects of the expansion, such as an AI research center or high-rise building models, have not been disclosed, the province's commitment to supporting Cooler Master and its focus on sustainable development bode well for the future of high-tech investments in Bac Ninh.
The expansion of Cooler Master's operations in Bac Ninh will involve investment in the range of $800 million to $900 million, primarily in AI-related manufacturing products. Additionally, the company's chairman, Andy Lin, has shown interest in collaborating with Bac Ninh to set up an AI research center and a technical training school.
