Intel confirms planned chip operation expansion in Việt Nam
Intel has confirmed they will be moving forward with their plans to expand investment in Việt Nam, which is expected to reach US$1 billion.
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Intel has confirmed they will be moving forward with their plans to expand investment in Việt Nam, which is expected to reach US$1 billion.
The Southeast Asian electronics manufacturing hub is home to Intel's largest factory worldwide for assembling, packaging and testing chips, and has been banking on the company further expanding there especially after Joe Biden announced deals to support Vietnam's chips industry during a visit in September.
'Vietnam harbors ambitious aspirations'
The Vietnam-U.S. comprehensive strategic partnership will generate more FDI opportunities for Vietnam’s semiconductor industry, especially in Ho Chi Minh City, Intel Products Vietnam general director Kim Huat Ooi tells The Investor.
Chip autonomy is an ideal aspiration but it is advisable to avoid setting too big goals in the immediate future, an Intel Products Vietnam executive has told the government. - VnExpress International