Intel to Expand Investment in Vietnam to Ride IoT Wave

Tuan Minh

11:17 14/01/2017

BizLIVE - Intel Products Vietnam plans to scale up its investment in the Southeast Asian country this year although its parent firm has been reducing its staff globally.

Intel to Expand Investment in Vietnam to Ride IoT Wave

The head office of Intel Products Vietnam at SHTP. Photo: Internet

Intel Products Vietnam Company (IPV) will expand its operation in Vietnam in 2017 and afterwards in order to anticipate the development of the Internet of Things wave, the Dau Tu (Investment) newspaper reported.
Intel will build Class 10,000 clean rooms to prepare for more complex and advanced products, CEO of IPV Sherry Boger told the newspaper.
The plan is part of Intel’s global strategy to take advantage of the Internet of Things (IoT) wave, which connect many devices via Internet.
Intel Corp first announced a $300 million investment for an assembly and test plant at Ho Chi Minh City-based Saigon Hi-tech Park (SHTP) in 2006. The firm raised the registered investment to $1 billion nearly a year later. The American multinational technology corporation has disbursed up to $1.04 billion for its project to date.
In 2014, Intel shut down several plants in other countries and moved the equipment to Vietnam to assemble and test the CPU Haswell product, helping accelerate the investment in the Southeast Asian country.
With the new CPU production line, 80% of the semiconductor chips used in computers around the world have been made by Intel Vietnam at SHTP, said Sherry Boger.
As of end-2016, Intel’s plant at SHTP had churned out 600 million products. It has assembled and tested 26 different product lines, including semiconductors for wearables and unmanned aerial vehicles.

TUAN MINH