The Vietnamese authorities expect an investment of 33 billion US

The Vietnamese authorities expect an investment of 3.3 billion US dollars from Intel

Intel’s quarterly report revealed the company’s unenviable financial position and it stressed the importance of cutting costs, but so far this is being achieved by laying off some employees, cutting management salaries and refusing to build new research centers. Intel is not yet ready to save on production capacity, and this idea warms the Vietnamese authorities who to count for this company’s $3.3 billion investment in Ho Chi Minh Technopark.

    Image source: Intel

Image source: Intel

As you know, in this field, Intel has a big company for testing and packaging CPUs and chipsets. As the group is determined to build new silicon wafer processing businesses to obtain crystals with system logic, graphics and CPU processing units, it would be logical to increase the related chip packaging capacity.

If the Vietnamese authorities manage to persuade Intel to make such investments, the Ho Chi Minh region will receive up to $7.4 billion in investments this year. So far, company officials have preferred to say that Vietnam remains an important link in Intel’s global industrial chain, but it’s premature to talk about new investments. In 2021, the company has already invested $475 million in the local manufacturing cluster, and its total investment in Vietnam’s economy is $1.5 billion. Similar Intel chip testing and packaging companies are in Malaysia and active in China. A capacity bottleneck in spring 2020 also forced the company to release a plant in Costa Rica that had been founded in 1997 but had been shut down since 2014.

About the author

Dylan Harris

Dylan Harris is fascinated by tests and reviews of computer hardware.

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