Intel has confirmed its plans to expand investment in Vietnam. The move aims to enhance Intel’s existing 1.5 billion USD factory in the country.
Ace Wilson, the chief financial officer of Intel Vietnam, said Vietnam continues to be a critical part of its global manufacturing operations as demand for semiconductors grows.
The company aims to diversify its factories across multiple countries, and it has set a target of 10-11 billion US dollars in export turnover for the current year, Wison says.
About 70% of chip production for the region is expected to come from the Vietnamese factory.
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