Intel to open factory in Vietnam next week

HCMC - Intel Corporation, the world’s largest chipmaker, will open its US$1-billion chip assembly and testing facility at Saigon Hi-Tech Park in HCMC next Friday.

A ceremony to open the facility by Intel Products Vietnam is slated to take place on October 29 at the hi-tech park in District 9.

The facility, in which Intel originally planned to invest US$300 million but later announced to treble its investment to US$1 billion, covers more than 46,000 square meters.

Intel Corp. started construction of the Vietnam facility in 2007 after obtaining a license on February 28, 2006, and about 4,000 people are expected to work for the plant, according to the company’s initial plan.

This will be Intel’s seventh assembly and testing site. Other sites include Penang and Kulim in Malaysia, Cavite in the Philippines, Chengdu and Shanghai in China, and San Jose in Costa Rica.

The Vietnam facility is part of Intel’s worldwide expansion of production capacity, according to the corporation at the groundbreaking ceremony in 2007.

SHTP is now home to 44 local and foreign hi-tech companies, with a total investment commitment of more than US$1.84 billion, creating more than 10,000 skilled jobs, and contributing nearly US$640 million in export revenue to the city.

SHTP expects foreign and domestic investment capital-flow this year to hit US$150 million. The park is focusing on attracting high-technology projects in microelectronics, IT, telecoms, research and development, and the service sector.

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Intel all set to open $1bln Vietnam plant

US chip giant Intel Corp will open its US$1 billion chip assembly and test facility at the Saigon High-Tech Park next Friday.

It will take three to five years for the plant to reach full capacity when it will earn annual revenues of $5 billion-15 billion, according to Dien Dan Doanh Nghiep (Business Forum) newspaper.

It will be inaugurated together with a $2.5 billion plant in Dalian, China.

Their opening is meant to help the world’s largest computer chip manufacturer capture growth opportunities in emerging Asian countries, the Wall Street Journal newspaper quoted Navin Shenoy, Intel’s general director for Asia – Pacific, as saying.

The HCMC facility will handle the last stage in the production cycle, namely product quality checking, packaging, and retailing.

The company said the plant will create around 4,000 jobs, 70 percent of them university students it sent to the US for the last two years of their undergraduate courses.

The plant is Intel’s seventh chip assembly and test facility worldwide, the others being in Malaysia, the Philippines, China, and Costa Rica.

Intel announced last Wednesday that Q3 profits rose 63 percent to $3 billion on revenues of $11.1 billion.

In the period its revenues from the Asia-Pacific region rose 20 percent year on year to a record $6.4 billion.

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$1 bln. Intel chip factory to open this month

Intel Corporation has announced its factory to test and assemble semi-conductors will open in Ho Chi Minh City by the end of this month.

The first large corporation making a high-tech investment in Vietnam has spent US$1 billion in building the new factory, construction of which begain in 2007.

The 500,000-square feet plant is expected to employ around 4,000 workers. This will be the seventh factory of its kind invested by Intel outside the US, with the others located in Malaysia, the Philippines, China and Costa Rica.

Navin Shenoy, Intel general director for the Asia-Pacific region, said the investment would help the corporation tap growth opportunities in the emerging Asian market.

“We expect Asia’s PC market to continue to grow by more than 20 percent annually in the next few years. We definitely will continue to invest in Asia where we see growth,” Shenoy told the Dow Jones Newswire in a recent interview.

He said the US and European consumer markets have showed weak sentiments while  “Asia has a young population and a low PC penetration rate. China, India, and Southeast Asian countries like Indonesia and Vietnam are important markets.”

Intel reported more than $11 billion in quarterly revenues in the third quarter, and 58 percent or $6.40 billion of this came from the Asia-Pacific region, a 20 percent increase from $5.32 billion the same period last year.

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Intel to launch $1b chip plant

Vietnamese use Samsung computers with Intel programmes. Intel plans to open an assembly and testing facility in Viet Nam by the end of this year. — VNA/VNS Photo MInh Tu

HA NOI — Intel Corporation, the world's leading chip maker, will open a US$1 billion assembly and testing facility in Viet Nam at the end of this month, Intel Asia-Pacific general manager Navin Shenoy told The Wall Street Journal last week.

Intel Corp began construction of the facility in 2007, and the plant is expected to provide jobs for 4,000 people when operational.

Intel's investment in Viet Nam was aimed at tapping growth opportunities in emerging Asian markets, said Shenoy, noting that Viet Nam's young population and low PC penetration rate made it a particularly attractive market.

Intel already operates assembly and test sites in Malaysia, the Philippines and China.

"We expect Asia's PC market to continue to grow by more than 20 per cent annually in the next few years," he said, noting that, while market sentiment was weak in US and European consumer markets, Asian consumers and enterprises continued to buy PCs.

Intel reported more than $11 billion in quarterly revenue in the third quarter, with $6.4 billion, or 58 per cent, coming from the Asia-Pacific region, compared to $5.3 billion a year earlier. — VNS

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Intel to open 1 bln USD factory in Vietnam

Intel Corporation, the world’s largest semiconductor chip maker, will
open its 1 billion USD chip assembly and testing facility in Vietnam
by the end of this month, an executive said.

Intel’s
investment in Vietnam is aimed at tapping growth opportunities in
emerging Asia , Navin Shenoy, Intel’s general manager for Asia-Pacific,
was quoted by The Wall Street Journal as saying on Oct. 14.

"We
expect Asia ’s PC market to continue to grow by more than 20 percent
annually in the next few years. We definitely will continue to invest in
Asia where we see growth," he said.

Intel Corp., the first
major foreign investor in high technology in Vietnam, started
construction of the Vietnam facility in 2007, and 4,000 people are
expected to employ for the plant, according to the paper.

The
Vietnam facility is Intel’s seventh assembly and test site. Other
sites include Penang and Kulim in Malaysia, Cavite in the
Philippines, Chengdu and Shanghai in China, and San Jose in
Costa Rica.

Shenoy said that China, India, Indonesia and
Vietnam are important markets of the US chip maker in Asia, which
has a young population and a low PC penetration rate. He added while the
company is seeing relatively weak sentiment in the US and European
consumer markets, Asian customers and enterprises continue to buy PCs.

Intel
reported more than 11 billion USD in quarterly revenue for the first
time in the third quarter. 58 percent of its third-quarter revenue came
from the Asia-Pacific region which rose 20 percent to a record 6.40
billion USD, compared with 5.32 billion USD a year earlier./.

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