The Vietnamese government has approved a license for investment for Intel Corp to build a $605m chip-making plant in Ho Chi Minh City, according to reports.
An official of Vietnam’s Ministry of Investment and Planning told the Associated Press that Intel’s forthcoming semiconductor facility would be the country’s largest.
The license is expected to be given officially to Intel on February 28 at a ceremony that will include Intel chairman Craig Barrett, according to the report.
Once Intel arrives in Vietnam, we expect more foreign investors to follow because they will need to work (with Intel) in producing computers and other accessories from here, Nguyen Duc Hoang from the Ministry of Science, Technology and Environment, told the Associated Press.
Intel declined to comment.