Intel invests an additional $ 475 million in Vietnam plant By Reuters

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© Reuters. FILE PHOTO: The logo of US chipmaker Intel Corp is seen on its “smart building” in Petah Tikva, near Tel Aviv.

HANOI (Reuters) – Intel Corp (NASDAQ 🙂 has invested an additional $ 475 million in its Vietnam plant to improve technologies and boost production of its 5G products and core processors, the US chipmaker’s local unit said on Wednesday. it‘s a statement. The move brings Intel’s total investments in Vietnam to around $ 1.5 billion, he said. “Intel Products Vietnam is an important part of Intel’s supply chain,” said CEO Kim Huat Ooi, explaining the decision to invest more in facilities and human resources in Vietnam. Vietnam has become an increasingly crucial part of the global technology supply chain, with companies like Apple (NASDAQ 🙂 and Samsung (KS 🙂 looking to diversify their production to minimize the impact of a trade war between China and The US and after Southeast Asia the country has been able to contain the spread of the coronavirus so far.

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