Global Economic Intersection
Advertisement
  • Home
  • Economics
  • Finance
  • Politics
  • Investments
    • Invest in Amazon $250
  • Cryptocurrency
    • Best Bitcoin Accounts
    • Bitcoin Robot
      • Quantum AI
      • Bitcoin Era
      • Bitcoin Aussie System
      • Bitcoin Profit
      • Bitcoin Code
      • eKrona Cryptocurrency
      • Bitcoin Up
      • Bitcoin Prime
      • Yuan Pay Group
      • Immediate Profit
      • BitQH
      • Bitcoin Loophole
      • Crypto Boom
      • Bitcoin Treasure
      • Bitcoin Lucro
      • Bitcoin System
      • Oil Profit
      • The News Spy
      • Bitcoin Buyer
      • Bitcoin Inform
      • Immediate Edge
      • Bitcoin Evolution
      • Cryptohopper
      • Ethereum Trader
      • BitQL
      • Quantum Code
      • Bitcoin Revolution
      • British Trade Platform
      • British Bitcoin Profit
    • Bitcoin Reddit
    • Celebrities
      • Dr. Chris Brown Bitcoin
      • Teeka Tiwari Bitcoin
      • Russell Brand Bitcoin
      • Holly Willoughby Bitcoin
No Result
View All Result
  • Home
  • Economics
  • Finance
  • Politics
  • Investments
    • Invest in Amazon $250
  • Cryptocurrency
    • Best Bitcoin Accounts
    • Bitcoin Robot
      • Quantum AI
      • Bitcoin Era
      • Bitcoin Aussie System
      • Bitcoin Profit
      • Bitcoin Code
      • eKrona Cryptocurrency
      • Bitcoin Up
      • Bitcoin Prime
      • Yuan Pay Group
      • Immediate Profit
      • BitQH
      • Bitcoin Loophole
      • Crypto Boom
      • Bitcoin Treasure
      • Bitcoin Lucro
      • Bitcoin System
      • Oil Profit
      • The News Spy
      • Bitcoin Buyer
      • Bitcoin Inform
      • Immediate Edge
      • Bitcoin Evolution
      • Cryptohopper
      • Ethereum Trader
      • BitQL
      • Quantum Code
      • Bitcoin Revolution
      • British Trade Platform
      • British Bitcoin Profit
    • Bitcoin Reddit
    • Celebrities
      • Dr. Chris Brown Bitcoin
      • Teeka Tiwari Bitcoin
      • Russell Brand Bitcoin
      • Holly Willoughby Bitcoin
No Result
View All Result
Global Economic Intersection
No Result
View All Result
Home Business

Intel Considers Boost To Investment In Vietnam Chip Packaging Plant

John Wanguba by John Wanguba
February 11, 2023
in Business
0
0
SHARES
13
VIEWS
Share on FacebookShare on Twitter

Intel Corp (INTC.O) is considering a substantial boost in its existing $1.5-billion investment in Vietnam to enlarge its chip testing and packaging factory in the Southeast Asian nation, two sources with knowledge of the matter told Reuters.

The Intel Corporation logo is seen on a display in a store in Manhattan, New York City

The potential move, which one source said could be worth about $1 billion, would indicate a growing role for Vietnam in the global supply chain for semiconductors, as firms push to reduce reliance on Taiwan and China owing to political risks and trade tension with the United States.

One of the sources said the investment would probably be made “over the future years” and could be even greater than $1 billion, while the second person said Intel was also considering an alternative investment in Malaysia and Singapore, which may be preferred to Vietnam.

Both sources requested anonymity as the plan was confidential. Asked about the possible investment plan, Intel told Reuters:

“Vietnam is an important part of our global manufacturing network, but we have not announced any new investments.”

Officials of Vietnam’s investment and planning ministry and the provincial government of Ho Chi Minh City, where Intel has an existing plant, were not immediately reachable for comment. A statement on the Vietnam government’s official portal was revised on Wednesday to remove a reference to an effort by Ho Chi Minh City to win $3.3 billion in additional investment from Intel.

This chip packaging and testing plant in Vietnam’s southern commercial hub is Intel’s largest globally. The firm is approximated to have invested roughly $1.5 billion in it so far.

The U.S. chip behemoth already has extra land where its factory is based and an expansion in Vietnam would help it better cope with supply disruptions arising from relying greatly on a single country or a factory, one of the sources told Reuters, citing internal talks.

One of the sources said Intel was considering the Vietnam investment while making sure a further expansion abroad would not be viewed as a hostile move by Washington, which is moving to ramp up production of chips at home.

Aggressive Push

Vietnam is aggressively pushing to grow its chipmaking industry, courting foreign firms in all three main segments of designing; manufacturing with fabs; and assembling, testing, and packaging, officials said.

A U.S. industry executive told Reuters the country had huge potential to grow rapidly in the area of chip assembling and designing, whereas he saw developing chip-manufacturing fabs as a distant possibility, with the exception of cheaper-to-build fabs for less sophisticated, larger chips that are still in high demand, such as those that are used in cars.

The executive said Vietnam’s greatest opportunity was in the chip assembling sector to meet industry demand to decrease the “over-concentration” of production capacity in Taiwan and China, which together make up 60% of global capacity in that segment.

Buy Crypto Now

Designing chips require less capital and more very skilled workers, and Vietnam was advancing there too, the executive said, with U.S titan Synopsys having operations there and with local companies growing fast, including FPT and state-owned Viettel.

Chips and electronics giant Samsung (005930.KS) started a research facility in Hanoi in late 2022 and has a semiconductors packaging factory in the country. Following a global shortage of semiconductors in the wake of the COVID-19 pandemic, Intel revealed a plan in late 2021 to invest over $7 billion to set up a new chip packaging and testing plant in Malaysia.

That facility is expected to start production next year. Intel also has testing and packaging factories in the U.S. and China.

Tags: ChinaChipmakerChipmakingHo Chi Minh CityIntelmanufacturingthe USUS ChipmakerVietnam
Previous Post

Kazakhstan To Mandate 75% Revenue Sale From Mining Crypto For Tax Purposes

Next Post

Rebounding Yields Could Squash U.S. Stock Rally As Powell Remains Firm On Rates

Related Posts

Why Is The SEC Suing Binance?
Business

Why Is The SEC Suing Binance?

by John Wanguba
June 6, 2023
Japanese Regulators Issue Stern Warning To OpenAI For Data Collection
Business

Japanese Regulators Issue Stern Warning To OpenAI For Data Collection

by John Wanguba
June 5, 2023
What To Consider When Evaluating Low-Code And No-Code Platforms
Business

What To Consider When Evaluating Low-Code And No-Code Platforms

by John Wanguba
June 1, 2023
Blockchain-Based Reusable KYC Is A ‘Breakthrough’ For Web3 Security
Business

Blockchain-Based Reusable KYC Is A ‘Breakthrough’ For Web3 Security

by John Wanguba
May 29, 2023
Unlock the Future of Fashion with NFTs and Wearables
Business

Unlock the Future of Fashion with NFTs and Wearables

by John Wanguba
May 27, 2023
Next Post
Rebounding Yields Could Squash U.S. Stock Rally As Powell Remains Firm On Rates

Rebounding Yields Could Squash U.S. Stock Rally As Powell Remains Firm On Rates

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Browse by Tags

adoption altcoins bank banking banks Binance Bitcoin Bitcoin adoption Bitcoin market blockchain BTC business China crypto crypto adoption cryptocurrency crypto exchange crypto market crypto regulation decentralized finance DeFi Elon Musk ETH Ethereum Europe Federal Reserve finance FTX inflation investment market analysis Metaverse NFT nonfungible tokens oil market price analysis recession regulation Russia stock market technology Tesla the UK the US Twitter

Archives

  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • August 2010
  • August 2009

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized
Global Economic Intersection

After nearly 11 years of 24/7/365 operation, Global Economic Intersection co-founders Steven Hansen and John Lounsbury are retiring. The new owner, a global media company in London, is in the process of completing the set-up of Global Economic Intersection files in their system and publishing platform. The official website ownership transfer took place on 24 August.

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Recent Posts

  • Why Is The SEC Suing Binance?
  • Bitcoin Has Been ‘Killed’ 474 Times But Its Still Alive And Kicking
  • Japanese Regulators Issue Stern Warning To OpenAI For Data Collection

© Copyright 2021 EconIntersect - Economic news, analysis and opinion.

No Result
View All Result
  • Home
  • Contact Us
  • Bitcoin Robot
    • Bitcoin Profit
    • Bitcoin Code
    • Quantum AI
    • eKrona Cryptocurrency
    • Bitcoin Up
    • Bitcoin Prime
    • Yuan Pay Group
    • Immediate Profit
    • BitIQ
    • Bitcoin Loophole
    • Crypto Boom
    • Bitcoin Era
    • Bitcoin Treasure
    • Bitcoin Lucro
    • Bitcoin System
    • Oil Profit
    • The News Spy
    • British Bitcoin Profit
    • Bitcoin Trader
  • Bitcoin Reddit

© Copyright 2021 EconIntersect - Economic news, analysis and opinion.

en English
ar Arabicbg Bulgarianda Danishnl Dutchen Englishfi Finnishfr Frenchde Germanel Greekit Italianja Japaneselv Latvianno Norwegianpl Polishpt Portuguesero Romanianes Spanishsv Swedish