Intel Invests $300 Million In Ho Chi Minh City
Intel Corporation today announced it will invest $300 million (US) to build a semiconductor assembly and test facility in Ho Chi Minh City. This represents the first such investment by the semiconductor industry in Vietnam and supports Intel?s strategy to invest to support overall demand. Construction of this facility will begin immediately.
This new facility is part of Intel?s worldwide expansion of production capacity. By the end of 2006, the company plans to invest over $6 billion worldwide for capital additions. When completed, the Vietnam facility will be the seventh assembly site of Intel?s global network and is projected to eventually employ about 1200 people. Other sites include Penang and Kulim, Malaysia; Cavite, Philippines; Chengdu and Shanghai, China; and San Jose, Costa Rica.
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