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Intel Considers Expanding Investment in Vietnam’s Semiconductor Sector

Intel Considers Expanding Investment in Vietnam’s Semiconductor Sector - Created date12/02/2023

Intel Corp (INTC.O) is considering a significant increase in its existing $1.5-billion investment in Vietnam to expand its chip testing and packaging plant in the Southeast Asian nation, two sources familiar with the matter told Reuters. 

Asked about the possible investment plan, Intel told Reuters, “Vietnam is an important part of our global manufacturing network, but we have not announced any new investments.” A statement on the Vietnam government's official portal was amended on Wednesday to remove a reference to an effort by Ho Chi Minh City to attract $3.3 billion in additional investment from Intel. The chip packaging and testing factory in Vietnam's southern commercial hub is Intel's biggest worldwide. The company is estimated to have invested about $1.5 billion in it so far.

Source: Reuters