Intel to build $605 million plant in Vietnam

Posted on Friday, January 06 2006 @ 1:12 CET by Thomas De Maesschalck

Intel will build a chipset facility in Vietnam, The Inquirer reported.

The investment would cost Intel $605 million. It's said the plant will be built on 115 acres of land in a high-tech park in Ho Chi Minh City, offering a job to 2,000 people.

The Vietnamese government is not saying much on the matter, other than the fact it has received Intel’s paperwork. Intel is not saying anything either.

Vietnam’s Ministry of Planning and Investment's Foreign Investment Department said the project of this size needed the consideration of several government ministries and the prime minister will have the final decision. A license could be issued within 45 days.

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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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