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| Southeast Asia | |
| Intel backs Vietnam in $1bn deal | |
| 2006-11-11 | |
| Vietnam's ambitions to mirror the economic success of its neighbours have been given a boost after Intel said it will triple investment in the country. The world's largest chipmaker, Intel, will invest $1bn (£522m) building two production plants in a science park outside of Ho Chi Minh City. In February, Intel said it would spend $300m to develop a single plant. At the time, Intel's commitment to the fast-growing nation was the biggest investment by a US firm in Vietnam. Intel's chip assembly and testing plant is Vietnam's first semiconductor facility and the Hanoi government hopes it will attract more high-tech businesses to the country. The first phase of Intel's plant was scheduled to employ 1,200 people, but the expanded site should create up to 4,000 jobs.
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| Posted by:Steve White |
| #3 Thailand? No, not on the Vietnamese radar. Nor Intel's for that matter. For Intel, the enticement is the low bidder. For Vietnam, an American stake in the soil, as it nervously eyes those Chicom prospectors. |
| Posted by: Red Lief 2006-11-11 23:20 |
| #2 And I read an article saying we have sent trainers for their military |
| Posted by: Snoque Phavish3076 2006-11-11 11:11 |
| #1 Perhaps they're worried about their plants in Thailand and want to find a "safe" location? This is so bizarre for someone who grew up in the cold war. Just like in 2003 when our allies Bulgaria and Poland were threatened by the unfriendly regimes of France and Germany. |
| Posted by: Jackal 2006-11-11 10:57 |