HOME
ABOUT US
MARKET INFO
SERVICES
Sourcing in VN
News & Events
Contact us
 
News & Events
 
Press & Release
 
 
NEWS & EVENTS
28
Jan
  Intel invests additional $475 million in Vietnam plant
HANOI -- Intel Corp has invested an additional $475 million in its plant in Vietnam to improve technologies and...
28
Jan
  First batch of Vietnamese rice exported to the UK under UKVFTA
LONDON — The first 60 tonnes of jasmine rice shipped to the UK under the UK-Viet Nam Free Trade Agreement...
 

Intel invests additional $475 million in Vietnam plant
28/01/2021 10:34 am

HANOI -- Intel Corp has invested an additional $475 million in its plant in Vietnam to improve technologies and boost production of its 5G products and core processors, the U.S. chipmaker’s local unit said in a statement on Wednesday.

The move takes Intel’s total investments in Vietnam to around $1.5 billion, it said.

“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.

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 Sino-U.S. trade war and after the Southeast Asian country has been able to contain the spread of the coronavirus so far.

TuoiTre News

 
« Back hits: 695
 
.:: Other news
First batch of Vietnamese rice exported to the UK under UKVFTA
Vietnam-EU free trade agreement mutually beneficial: EuroCham chair
Vietnam ready for new investment influx
EVFTA to help cover some economic losses from pandemic
Viet Nam to select quality foreign investment
PM orders faster disbursement of public funds
Int’l forum to discuss HCM City’s future as Asian financial hub
Vietnam urged to meet EU’s standards on agricultural products
Viet Nam’s credit growth expands by 5.07% in five months
Vietnamese SMEs shown how to enter the global supply chain