Intel has invested $475 million in its Vietnamese assembly and test facility, pushing the company’s total investment in the local site to $1.5 billion. The fund injection went towards “enhancing” production of Intel’s 5G product line, Core processors integrated with its hybrid technology, and 10th Gen Core chips.
Located in Saigon Hi-Tech Park, Ho Chi Minh City, the facility is Intel’s largest assembly and test sites worldwide, where the US chipmaker also operates similar plants in the region, namely, China and Malaysia.
Intel Products Vietnam hires more than 2,700 and serves a global clientele, shipping more than 2 billion units as of end-2020, it said in a statement Wednesday.
It added that a previous $1 billion had been invested in the local facility, which was first announced in 2006, and there were plans to “continue to diversify and improve” operations there so the plant would have capabilities to assume more complex technologies and new products.
The $475 million addon investment was made over 18 months, between June 2019 and December 2020, according to Intel.
The chipmaker previously operated an assembly and test facility in the Philippines, which was shuttered in 2008 following the announcement of the Vietnamese site.
Intel’s incoming CEO Pat Gelsinger said last week the majority of its products leading to 2023 would be manufactured internally, rather than be outsourced to third parties.
It has 15 wafer fabs in production across 10 locations worldwide, with four in the US, three in Israel, and one in China. Apart from the Vietnamese site, Intel operates one assembly and test facility in the US, while another is located in Costa Rica and another two are each in China and Malaysia.
