Intel Vietnam on the verge of opening CPU production line
Intel Vietnam on the verge of opening CPU production line
Intel is gearing up for the completion of its CPU production line at its Ho Chi Minh City-based assembly and testing plant by the end of November, according to CEO of Intel Products Vietnam Sherry Boger.
With the new CPU production line, 80 per cent of the semiconductor chips used in computers around the world by this time next year will be made by Intel Vietnam at Saigon Hi-Tech Park (SHTP).
New system on chip (SoC) platforms designed for smartphones and tablets have been produced at the Vietnam plant since the beginning of this year. Until now, Intel Vietnam has manufactured 36 million SoC products, a figure expected to reach 40 million by the end of this year.
In July 2014, Intel successfully released its new fourth-generation core processors.
Boger said: “These products will serve customers from all over the world and have a positive impact on export turnover and the development of Vietnam high technology.”
The chipmaker posted $1.8 billion in exports last year. According to Boger, Intel Vietnam’s export value will increase in 2015.
From the beginning of this year to June, Intel Vietnam disbursed $450 million into its operations at SHTP, which accounts for roughly 50 per cent of the company’s registered capital.
Boger stated that Intel planned to speed up growth and business development in Vietnam to develop a local supply chain.
Additionally, Intel Vietnam is focusing on strategic alliances and network formation to promote the development of Vietnam’s semiconductor industry. Intel Venture Capital Funds are willing to invest in any Vietnamese companies that meet its business growth strategy in Vietnam.
Intel Vietnam also intends to co-operate with Ho Chi Minh City authorities and departments to train engineers and technicians for the semiconductor industry.
Intel Corp first announced a $300 million investment for an assembly and test plant in Vietnam in 2006. The firm’s total registered investment was raised to $1 billion nearly a year later. The plant went into operation in 2010.
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