Intel to open fab in Vietnam

Posted on Thursday, Feb 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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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



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