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.
The government and the Asian Development Bank on Monday signed a US$630 million financing facility to help accelerate reforms of state-owned enterprises (SOEs) in the country.