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Intel plans to invest $2.5 billion in Vietnam

February 16, 2023

Intel, the largest American company producing semiconductors and computer chips, plans to increase its investment in Vietnam to 2.5 billion dollars.

Intel's initial investment is $1.5 billion. According to Reuters, the volume of money will increase by an additional 1 billion dollars in the near future.

The mentioned financial resources will be used for the construction of a new factory and the establishment of a research center in Vietnam. In general,Intel's interest in Vietnam is due to the deterioration of the geopolitical situation in the Asian region. In light of the deterioration of China-Taiwan relations, the world's leading technology companies are actively trying to diversify their supply chains and reduce their dependence on China or Taiwan.

The government of Vietnam, on the other hand, supports the development of the semiconductor manufacturing industry in the country with state programs and subsidies.

Founded in California in 1968, Intel fis the largest manufacturer of computer chips and processors, with a market capitalization of $115 billion.

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