Intel’s facility at Saigon Hello-Tech Park, Ho Chi Minh Metropolis. Picture courtesy of Intel Company
Vietnam’s steady enterprise atmosphere and younger labor drive have helped Intel overcome the semiconductor scarcity disaster, a senior firm chief mentioned.
The nation’s steady socio-political atmosphere, more and more liberalized commerce and funding insurance policies, and a younger and gifted workforce are a number of the the reason why Vietnam has change into engaging to multinationals, particularly tech firms like Intel, normal supervisor of Asia Pacific and Japan Steve Lengthy advised VnExpress in an interview.
Vietnam has the potential to arrange infrastructure and essential insurance policies to help superior manufacturing, he mentioned, including that the presence of Intel additionally helps carry Vietnam to the high-tech world map.
Intel Merchandise Vietnam (IPV) is Intel’s largest meeting and take a look at manufacturing unit in its worldwide manufacturing community.
With 2,800 staff and an funding of $1.5 billion, that is the most important U.S. high-tech firm in Vietnam.
As of 2021, IPV has delivered over three billion merchandise to clients worldwide after 15 years of operation.
Intel specialists in Vietnam have additionally provide you with a brand new initiative to make semiconductor manufacturing 80 % sooner, mentioned Kim Huat Ooi, vice chairman in manufacturing and operations and normal supervisor of IPV.
This initiative permits the manufacturing unit to provide thousands and thousands of semiconductors extra every year, opening the door for Intel to extend its revenue by over $2 billion, he added.