backtop


Print 4 comment(s) - last by djcameron.. on Jan 5 at 12:05 AM

Our sources tell us that Intel has applied for a license with the Vietnamese government to open a fab in Vietnam

Hot on the heels of announcing the reopening of Fab 12, our sources in Asia tells us that Intel has applied for a license with the Communist Party of Vietnam to open a brand new plant.

There hasn’t been a name released for the new plant or information about what it will produce but we know that it will be located in Ho Chi Minh City -- previously known as Saigon. The southern part of the city, known as Hi-tech Park, will be the location for the new plant.

Currently, 24% of the total exporting done by the region is to the US with industrial products and transportation and telecommunication technologies taking the top spot. Intel is said to be investing roughly $650 million US dollars into the project and the plant is estimated to staff over 2000 workers.

Our sources indicated that Intel Hong Kong will be leading the project. Ho Chi Minh City, being the economic center of Vietnam is a prime choice for Intel, especially considering that 30% of the city’s population are Master and Ph.D holders.



Comments     Threshold


This article is over a month old, voting and posting comments is disabled

30% Have Ph.D or Masters?
By Zanfib on 1/4/2006 11:35:16 PM , Rating: 2
Is that really true? They must just give away post-undergrad degrees out there!




"You can bet that Sony built a long-term business plan about being successful in Japan and that business plan is crumbling." -- Peter Moore, 24 hours before his Microsoft resignation











botimage
Copyright 2014 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki