Intel has invested $475 million in Intel Products Vietnam (IPV). This new investment is in addition to Intel’s $1 billion investment to build a chip assembly and test manufacturing facility in Saigon Hi-Tech Park (SHTP), first announced in 2006.
This takes Intel’s total investment in its Vietnam facility to US$1.5 billion.
As of the end of 2020, Intel Products Vietnam has shipped more than 2 billion units to customers worldwide.
“We’re very proud of this milestone, which shows both how important IPV is to helping Intel meet the needs of its customers all around the world, and why we continue to invest in our facilities and team here in Vietnam,” Kim Huat Ooi, vice president of Manufacturing and Operations and general manager of Intel Products Vietnam, said.
Intel said its additional investment of $475 million was made between June 2019 and December 2020, and helped enhance manufacturing of Intel’s 5G products, Intel Core processors with Intel Hybrid Technology and 10th Gen Intel Core processors.
IPV is the largest assembly and test manufacturing facility in the Intel chip assembly and test network. It has more than 2,700 employees and serves customers around the world. IPV is one of 10 manufacturing sites that Intel has globally and remains the largest U.S. high-tech investment in Vietnam.
Originally published at Telecomlead