Intel expects to invest in and support Vietnam in technological development
Tech giant raised its investment capital in Vietnam to $1.5 billion in 2021.
Intel is looking forward to conducting investment and production and supporting technological development in Vietnam, a communications representative from Intel Products Vietnam told VnEconomy on November 7, shortly after it was reported by Reuters that it had delayed its planned chip operation expansions in the country.
Asked about the plan, Intel declined to comment, but told Reuters: “Vietnam will continue to be a critical part of our global manufacturing operations as demand for semiconductors grows.”
Intel began operations in Vietnam in 2006. In 2021, with investment of $1 billion, it opened the world’s largest biggest chip assembly and test factory in Vietnam.
In the same year, it also increased its investment in the country, raising its initial $1 billion to $1.5 billion.
