Intel Unveils Plan to Build Plant in Vietnam
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Intel Corp. announced plans to build a $300-million chip assembly and testing factory in southern Vietnam.
The facility, to be built in Ho Chi Minh City, formerly Saigon, would be the largest U.S. investment in the country. The Santa Clara, Calif.-based semiconductor maker had been rumored to be spending more than $600 million on a factory in Vietnam.
“We consider this to be one small step in a long journey of involvement with Vietnam,” said Intel Chairman Craig Barrett.
The plant, which would employ 1,200 people, would begin production in the second half of 2007.
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