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
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
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.