Intel Invests $475M In Vietnam Facility To Enhance Intel’s 5G Products
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.
Chipzilla revealed the investments today during a ceremony at which it was awarded an “Amended Investment Registration Certificate” – recognition from Vietnam’s government that it had spent the money on expanding its existing chip assembly and test manufacturing facility in Saigon.
Intel’s announcement says the money “helped enhance manufacturing of Intel’s 5G products, Intel Core processors with Intel Hybrid Technology and 10th Gen Intel Core processors.”
The $475 million addon investment was made over 18 months, between June 2019 and December 2020, according to Intel.