Intel to Operate Chip Plant in Vietnam in October

Intel Vietnam plans to launch its chip assembling and testing plant in Saigon High-Tech Park in Ho Chi Minh City in October this year, becoming the largest facility of Intel in the world.

The confirmation was made by Intel Products Vietnam’s General Director Rick Howarth at a meeting with Chairman Le Hoang Quan of HCM City People’s Committee on May 26.

The plant, built at a cost of US$1 billion, will churn out the first batch of chip in July and manufacture six million products in the second half of 2010.

Intel will raise the plant’s capacity to 24 million products in 2011. The facility can generate revenues of between US$5 billion and US$15 billion once it fully operates in the next 3-5 years.

Under the schedule, the plant will manufacture chips and expand to make central processing unit (CPU) for mobile devices when the global demand rises, Howarth said.

After Intel Vietnam complained that it hasn’t received certificate on fire fighting safety for exporting the first chip batch, Le Hoang Quan asked a related agency to deal with the procedure.

This is the first US$1 billion hi-tech project and the U.S.’s biggest project in Vietnam so far.

TBKTSG

Tags: Intel Chip Plant, Intel Vietnam