Intel to build assembly facility in Vietnam
The world's largest microchip maker Intel Corporation has announced a US$300 million (Bt11.7 billion) investment to build a semiconductor assembly and test facility in Vietnam's Ho Chi Minh City, as part of a plan to spend $1 billion to improve production in Asia.
It is also a part of the company's worldwide production-capacity expansion that will involve spending $6 billion to increase manufacturing capacity around the world.
Craig Barrett, Intel's chairman, said the initial negotiations between Intel and the Vietnamese government began in 2001, and under the plan, production will be underway in the second half of next year.
The company will invest an additional $305 million in the second phase.
The plant is to be built at Saigon High Tech Park in Ho Chi Minh City, Vietnam's commercial centre, and output will be for supply to the worldwide market.
