29-Jan-2021 Intellasia |
The Saigon Instances |
US chipmaker Intel Company has invested a further $475 million into Intel Merchandise Vietnam (IPV) to boost the manufacturing of 5G merchandise, Intel Core processors with Intel Hybrid Expertise and tenth Gen Intel Core processors.
The enlargement is along with the semiconductor large’s over $1 billion funding to develop IPV, Intel’s chip meeting and take a look at manufacturing facility on the Saigon Hello-Tech Park in HCM Metropolis, which was first introduced in 2006. This takes Intel’s complete funding in Vietnam to over $1.5 billion.
This has been the largest funding within the Saigon Hello-Tech Park and in addition the largest excessive tech funding by america in Vietnam so far.
The extra funding was earlier revealed by Kim Huat Ooi, vice chairman of Manufacturing and Operations and normal supervisor of Intel Merchandise Vietnam, on the HCM Metropolis US Enterprise Summit co-held by the HCM Metropolis Individuals’s Committee, the US Consulate normal in HCM Metropolis and the American Chamber of Commerce in Vietnam-HCM Metropolis Chapter in late August 2020.
IPV is a vital a part of Intel’s worldwide manufacturing presence. As Intel redefines its place within the business from a CPU to a multi-architecture XPU firm, IPV will proceed to diversify and enhance its native operations in order that it will probably tackle extra advanced applied sciences and new merchandise to allow Intel to faucet new market alternatives.
IPV is the most important meeting and take a look at manufacturing facility within the Intel meeting and take a look at community. It has greater than 2,700 staff and serves clients around the globe. IPV is considered one of 10 manufacturing websites that Intel has globally. As of the tip of 2020, IPV shipped greater than 2 billion items to clients worldwide.
“We’re very happy with this milestone, which exhibits each how vital IPV is to serving to Intel meet the wants of its clients all around the globe and why we proceed to spend money on our amenities and crew right here in Vietnam,” Ooi mentioned.
Nguyen Anh Thi, president of the Saigon Hello-Tech Park, extremely appreciated Intel’s expanded funding in HCM Metropolis, particularly through the Covid-19 pandemic, when most native and international direct investments have been impacted.
“The elevated funding choice from Intel means a terrific deal to us and proves Intel’s nice confidence within the native workforce and the secure funding atmosphere in Vietnam, HCM Metropolis and the Saigon Hello-Tech Park, particularly. We are going to repeatedly present our greatest assist to Intel’s operations and stay up for welcoming extra US buyers,” Thi mentioned.
Class: Enterprise, Vietnam
Article supply: https://www.intellasia.web/intel-invests-additional-475-million-in-vietnam-863791