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Intel® to Build Chip Assembly & Testing Center in Vietnam - World's largest chipmaker company, Intel® has announced its plan to build 300 million dollar chip assembly and testing facility center in the Vietnam.
Intel® to Build Chip Assembly & Testing Center in Vietnam

 

PRZOOM - /newswire/ - Ahmedabad, India, 2006/03/08 - World's largest chipmaker company, Intel® has announced its plan to build 300 million dollar chip assembly and testing facility center in the Vietnam..

   
 
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World's largest chipmaker company, Intel® has announced its plan to build 300 million dollar chip assembly and testing facility center in the Vietnam, the ambitions of nations as emerging technology powerhouse boosted because of communist ruling. The American company, Intel semi-conductor facility will be the largest investment in country of Vietnam as well as the nation’s largest investment in technology. The firm also has an opportunity to build a second facility of same size in secondary phase of the project.

Software exporters based in the nation are still struggling with burden of the nation’s wartime image as an American enemy and hoping that investment of Intel will help them out in businesses, as a reliable supplier of high technical products by enhancing the image of Vietnam. It attracted about 5 billion dollar in terms of foreign investment previous year. But with more than 80 million people and an economy that grew 8.4 per cent previous year, Vietnam is now south-east Asia's fastest growing personal computer market.

In a long journey of involvement and development of Vietnam, it is to be considering one small step, said chairman of Intel during a formal ceremony, where the government of Vietnam handed over a license, permitting the company to invest up to 605 million dollar. He said during his speech that Vietnam's infrastructure, its youth, motivated human resource, and the system of education had impressed the giant chipmaker company, which is regularly scouting potential places or locations for building up new facilities.

It has been considering Vietnam for quite some time, distinguished by concerns over the infrastructure of nations that could not support a rapid turn around of exports/imports. The new plant by company will employ more than 1,200 personnel initially and that is to be expected to start production in the 2nd half of year 2007, as it will be located in the High Technology Park now regarded as hub of many small Software Outsourcing firms.

 
 
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Intel® to Build Chip Assembly & Testing Center in Vietnam

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