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February 23, 2006
Intel approved to setup plant in Vietnam
The Vietnamese government recently approved Intel Corp.'s plan to proceed with chip-assembly plant in Ho Chi Minh City according to a report by Wall Street Journal.
The country which attracted $5 billion in 2005 in FDI (foreign direct investments) is seeing more large multinationals moving in to take advantage of its emerging economy.
The plant will be Intel's sixth in Asia and will be used for the final step of chip-making where chips are taken out of wafer and packaged for distribution to PC makers. More complicated and less labor intensive work of etching chips onto wafers at factories in the U.S.
The Vietnamese government approved a request by Intel to spend up to $605 million in the country for setting up the plant.
Posted by admin at February 23, 2006 01:49 PM