Intel lays out US$475M more in Vietnam factory

In January 2021, Intel Corporation announces that a further invesment of $475 million in Intel Products Vietnam. The new investment is in addition to Intel’s $1 billion investment to build a state-of-the-art chip assembly and test manufacturing facility in Saigon Hi-Tech Park, first announced in 2006. (Credit: Intel Corporation)

Intel has invested an additional US$475 million in Intel Products Vietnam (IPV), the largest manufacturing facility in their global assembly and test network.

Made between June 2019 and December 2020, this new investment is on top of Intel’s US$1-billion outlay to build a state-of-the-art chip assembly and test manufacturing facility in Saigon Hi-Tech Park (SHTP), first announced in 2006.

Also, this helped enhance manufacturing of Intel’s 5G products, Intel Core processors with Intel Hybrid Technology and 10th Gen Intel Core processors.

Serving customers around the world with more than 2,700 employees, IPV is one of 10 manufacturing sites that Intel has globally and remains the largest U.S. high-tech investment in Vietnam.

“As of the end of 2020, (IPV) has shipped more than 2 billion units to customers worldwide,” said Kim Huat Ooi, VP of manufacturing and operations, and general manager of IPV.

As Intel redefines its position in the industry from a CPU to a multi-architecture XPU company, IPV will continue to diversify and improve its operations in Vietnam. This will help the company to take on more complex technologies and new products to enable Intel to tap new market opportunities.

According to SHTP president Nguyen Anh Thi, the additional investment inflow is highly appreciated especially in the challenge of COVID pandemic, when most local and FDIs have been impacted.

“The increased investment decision from Intel means a great deal to us and proves Intel’s great confidence in the local workforce and the stable investment environment in Vietnam, HCMC (Ho Chi Minh City) and SHTP in particular,” said Nguyen.

“We will continuously provide our best support to Intel operations and look forward to welcoming more US investors and consider Intel’s expansion and new investment in Vietnam, particularly in SHTP as a great success story,”  he said.