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Intel to raise Vietnam investments from $300M to $1B

Posted: 14 Nov 2006 ?? ?Print Version ?Bookmark and Share

Keywords:Intel? testing? assembly facility? assembly services? investments?

Intel Corp. announced plans to increase the area of the assembly and test facility it is building in Vietnam from 13,935.51m? to 46,451.71m? as well as raise its investment in the country from the $300 million announced earlier this year to $1 billion.

Intel decided to increase the facility's area, after an internal study determined that 46,451.71m? will provide the optimum and most efficient size for assembly and test facilities.

"By expanding the planned size of this facility we expect to gain greater efficiency to improve our ability to meet our customers' requirements," said Brian Krzanich, vice president and general manager, Assembly and Test. "The Vietnam facility will be the model for larger, more efficient assembly and test facilities that will make Intel even more competitive."

Upon completion, the new Vietnam facility will be Intel's seventh and largest single factory within its assembly and test network. Construction is expected to begin in March. Production will start in 2009 instead of Intel's earlier plan which was in 2008. The facility is projected to employ about 4,000 people.

"Intel has enjoyed a strong, constructive working relationship with the Vietnam government, both at the local and national levels," said Rick Howarth, general manager of Intel Products Vietnam. "We were very pleased that the discussions with the local authorities went smoothly so we could significantly expand the facility's size."

The Vietnam facility is part of Intel's worldwide expansion of production capacity. By this year's end, the company plans to invest nearly $6 billion worldwide for capital additions.




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