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Intel backs Vietnam in $1bn deal [View All]

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DoYouEverWonder Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-10-06 04:59 PM
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Intel backs Vietnam in $1bn deal
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10 November 2006

Vietnam's ambitions to mirror the economic success of its neighbours have been given a boost after Intel said it will triple investment in the country.

The world's largest chipmaker, Intel, will invest $1bn (£522m) building two production plants in a science park outside of Ho Chi Minh City.

In February, Intel said it would spend $300m to develop a single plant.

At the time, Intel's commitment to the fast-growing nation was the biggest investment by a US firm in Vietnam.

http://news.bbc.co.uk/2/hi/business/6135846.stm
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