Intel pledges to expand investment in Vietnam
VOV.VN - Intel has committed to further expanding its investment in Vietnam to diversify the group’s supply chain globally, said Ace Wilson, chief financial officer of Intel Corporation Vietnam, at the Vietnam - US Trade Forum on November 21.
Wilson told Sai Gon Giai phong (Liberated Saigon) newspaper on the sidelines of the forum that Intel has so far invested US$1.5 billion in its facilities in the country. Since 2010, the group has exported their products worth US$80 billion, and its export turnover this year is expected to reach between US$10 billion and US$11 billion.
In particular, up to 70% of Intel chip production for the region comes from Intel factories in Vietnam.
He rejected rumours about Intel's operations in Vietnam, and said the group would expand operations in the country.
At the forum, Daniel Nguyen, vice-chair of the House Economic Development & Small Business Committee at the Oregon House of Representatives, said Vietnam holds great potential for developing semiconductor chip manufacturing.
He revealed that the United States has reviewed Vietnam’s legal framework and approved a US$240 million grant in a bid to promote the development of the semiconductor ecosystem, including US$40 million to be poured into new projects.
Vietnam should make use of financial resources to develop its semiconductor chip manufacturing industry, he suggested.
He also recommended that Vietnam fine-tune legislation, mobilise private resources, and improve the overall quality of human resource training for the semiconductor industry to seize upon future opportunities.
Nguyen Vinh Quang, CEO of FPT Semiconductor under the FPT Corporation, said that it has currently acquired two companies in the US.
FPT's investment strategy in this market is to further develop AI technology and power chip lines, he added, noting that FPT aspires to become a power chip supplier in both the US and Vietnam.
