When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works.

Intel Wins Vietnam License for Chip Plant

Vietnam has approved the issue of a license to Intel Corp, the world's largest microchip maker, to build a $605 million plant to produce chips and computer parts in a deal that officials hope could help draw more investors.

Intel said in an invitation to Reuters on Thursday that the license would be handed over formally at a ceremony in Ho Chi Minh City on February 28. Intel chairman Craig Barrett would introduce the project and receive the investment license, Intel said without elaborating. A source close to the deal said the Intel unit in Hong Kong would run the $605-million project, which will make Intel Vietnam's first major foreign investor in the high technology field.


News source: Reuters

Report a problem with article
Next Article

Video sites blamed for web-traffic crisis

Previous Article

iTunes Hits 1 Billion Songs