Intel Expands Investment in Vietnam

Subject: General Tech | November 10, 2006 - 02:50 PM |
Tagged:

HO CHI MINH CITY, Vietnam, Nov.
10, 2006 — Intel Corporation announced today that it will increase the
size of the assembly and test facility it is building in Vietnam
from
150,000 square feet to 500,000 square feet and raise its investment
from the USD$300 million announced in February to USD$1 billion. Intel
decided to increase the size of the facility after an internal study
determined that 500,000 square feet was the most efficient size for
assembly and test facilities.

The new Vietnam facility will be the
largest single factory within the Intel assembly and test network. With
the additional capacity plans, construction is now expected to begin in
March. Production will begin in 2009 and could eventually employ as
many as 4,000 people.

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