Intel to open fab in Vietnam

Posted on Thursday, February 23 2006 @ 22:25 CET by Thomas De Maesschalck
Intel is going to build a $605 million chip plant in Vietnam.
Intel said in an invitation to Reuters on Thursday that the licence would be handed over formally at a ceremony in Ho Chi Minh City on Feb. 28.

Intel chairman Craig Barrett would introduce the project and receive the investment licence, Intel said without elaborating.

A source close to the deal said the Intel unit in Hong Kong would run the $605-million project, which will make Intel Vietnam's first major foreign investor in the high technology field.
More details over here.

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