Intel invests additional US$475 million in Vietnam

Intel Corporation has announced it has invested a further US$475 million in Intel Products Vietnam (IPV).

This new investment is in addition to Intel’s US$1 billion investment to build a state-of-the-art chip assembly and test manufacturing facility in Saigon Hi-Tech Park (SHTP), first announced in 2006. This takes Intel’s total investment in its Vietnam facility to US$1.5 billion.

Kim Huat Ooi, Vice President of Manufacturing and Operations and General Manager of Intel Products Vietnam, said: “As of the end of 2020, Intel Products Vietnam has shipped more than 2 billion units to customers worldwide. We’re very proud of this milestone, which shows both how important IPV is to helping Intel meet the needs of its customers all around the world, and why we continue to invest in our facilities and team here in Vietnam.”

IPV is the largest assembly and test manufacturing facility in the Intel assembly and test network. It has more than 2,700 employees and serves customers around the world. IPV is one of 10 manufacturing sites that Intel has globally and remains the largest US high-tech investment in Vietnam.

Nguyen Anh Thi, President of SHTP, said: “The increased investment decision from Intel means a great deal to us and proves Intel’s great confidence in the local workforce and the stable investment environment in Vietnam and SHTP, in particular.”