Intel invests $475 million in Vietnam factory-EEWORLD

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On January 26, Intel's official website announced that it has invested an additional $475 million in Intel Products Vietnam (IPV), a Vietnamese chip packaging and testing factory. This new investment is another investment after Intel announced in 2006 that it would invest $1 billion to build an advanced chip packaging and testing factory in Saigon High-Tech Park (SHTP). This brings Intel's total investment in Vietnam factories to $1.5 billion.

VNA reported that Intel first announced its $1.04 billion investment in building a state-of-the-art chip assembly and testing manufacturing plant in the Saigon High Technology Park (SHTP) in 2006. Therefore, Intel's registered total investment in Vietnam now amounts to $1.5 billion.

The report pointed out that Intel's Vietnam factory started construction in 2006. To date, Intel's Vietnam factory has produced and exported more than 2 billion microprocessors and semiconductor equipment products. As of 2020, Intel's Vietnam factory has accumulated a total export value of US$50 billion and created employment opportunities for 7,000 workers.

According to Intel, IPV is Intel's largest packaging and testing plant, one of Intel's 10 production bases worldwide, and an important part of Intel's global manufacturing business. The plant has more than 2,700 employees and provides services to customers around the world.

Keywords：Intel Reference address：Intel invests $475 million in Vietnam factory

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