Intel invests almost half a billion dollars more in Vietnam

US information technology giant Intel has invested an additional $475 million in its facility in Vietnam in order to boost production of its 5G processor product line and core processors, the US chipmaker’s local unit Intel Products Vietnam said in a statement on January 27. The move takes Intel’s total investments in Vietnam to around $1.5 billion.

The facility is located in Saigon Hi-Tech Park in Ho Chi Minh City and is Intel’s largest assembly and test site worldwide. It employs more than 2,700 staff and serves global customers with more than two billion units shipped as of end-2020.

“Intel Products Vietnam is an important part in Intel’s supply chain,” general manager Kim Huat Ooi said, explaining the decision to invest more in facilities and human resources in Vietnam.

The $475 million additional investment was made over 18 months, between June 2019 and December 2020, according to Intel.

Future investments in Vietnam possible

Asked if there were plans for further investment in Vietnam or other Asian markets, Ooi said: “Intel Products Vietnam is an important part of Intel’s worldwide manufacturing presence and we are extremely pleased with the progress we have made in Vietnam so far. As we look at opportunities to expand operations to meet the demands of our customers worldwide, we will continue to talk to the Vietnam government about our future investments in the country.”

Vietnam has become an increasingly crucial part of the global technology supply chain, with companies such as Apple and Samsung seeking to diversify their production to minimise the impact of a China-US trade war and after the Southeast Asian country has been able to widely contain the spread of the coronavirus.



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US information technology giant Intel has invested an additional $475 million in its facility in Vietnam in order to boost production of its 5G processor product line and core processors, the US chipmaker’s local unit Intel Products Vietnam said in a statement on January 27. The move takes Intel’s total investments in Vietnam to around $1.5 billion. The facility is located in Saigon Hi-Tech Park in Ho Chi Minh City and is Intel's largest assembly and test site worldwide. It employs more than 2,700 staff and serves global customers with more than two billion units shipped as of end-2020. “Intel...

US information technology giant Intel has invested an additional $475 million in its facility in Vietnam in order to boost production of its 5G processor product line and core processors, the US chipmaker’s local unit Intel Products Vietnam said in a statement on January 27. The move takes Intel’s total investments in Vietnam to around $1.5 billion.

The facility is located in Saigon Hi-Tech Park in Ho Chi Minh City and is Intel’s largest assembly and test site worldwide. It employs more than 2,700 staff and serves global customers with more than two billion units shipped as of end-2020.

“Intel Products Vietnam is an important part in Intel’s supply chain,” general manager Kim Huat Ooi said, explaining the decision to invest more in facilities and human resources in Vietnam.

The $475 million additional investment was made over 18 months, between June 2019 and December 2020, according to Intel.

Future investments in Vietnam possible

Asked if there were plans for further investment in Vietnam or other Asian markets, Ooi said: “Intel Products Vietnam is an important part of Intel’s worldwide manufacturing presence and we are extremely pleased with the progress we have made in Vietnam so far. As we look at opportunities to expand operations to meet the demands of our customers worldwide, we will continue to talk to the Vietnam government about our future investments in the country.”

Vietnam has become an increasingly crucial part of the global technology supply chain, with companies such as Apple and Samsung seeking to diversify their production to minimise the impact of a China-US trade war and after the Southeast Asian country has been able to widely contain the spread of the coronavirus.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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