On January 26, Intel’s official website announced that it has invested an additional US$475 million in Intel Products Vietnam (IPV), a packaging and testing factory in Vietnam. The new investment follows Intel’s 2006 announcement of a $1 billion investment in an advanced chip packaging and testing facility in the Saigon High-Tech Park (SHTP). This brings Intel’s total investment in the Vietnam factory to $1.5 billion.
The Vietnam News Agency reported that Intel first announced in 2006 a US$1.04 billion investment in the construction of a state-of-the-art chip assembly and testing manufacturing facility in the Saigon High-Tech Park (SHTP). Therefore, at present, Intel’s registered investment in Vietnam has reached 1.5 billion US dollars.
The report pointed out that Intel’s Vietnam factory started construction in 2006. To date, Intel Vietnam has produced and exported more than 2 billion microprocessor and semiconductor equipment products. As of 2020, the cumulative export value of Intel’s Vietnam factory has reached US$50 billion, creating employment opportunities for 7,000 workers.
According to Intel, IPV is Intel’s largest packaging and testing plant, one of Intel’s 10 production bases around the world, and an important part of Intel’s global manufacturing business. The facility has more than 2,700 employees serving customers around the world.