Intel to open a factory in Vietnam

The Hanoitimes -  The world’s biggest micro chip maker, Intel Corporation, will open as chip assembly and testing factory in Vietnam with a total investment of US$1 billion late this month, according to the US Wall Street Journal

Navin Shenoy, Intel’s general director in charge of the Asia-Pacific region said that the corporation has invested in Vietnam to fully tap business opportunities at the newly-emerging markets in Asia. He expressed hope that the Asian region’s market for computers will continue to develop at a rate of 20 percent in the next few years.

He also revealed that Intel considered China, India, Indonesia and Vietnam important markets in Asia with a young population and low rate of computer literacy, adding that individuals and businesses in Asia will continue to buy many more computers in the near future.

Intel is the first large-scale foreign-invested company in the hi-tech field in Vietnam. It began building the factory in Vietnam in 2007 and is expected to recruit around 4,000 workers in future.

This is the seventh factory of this kind Intel has set up abroad.

Source : The US Wall Street Journal