Asia Express - East Asian ICT
Intel Injects Additional US$475 Million in Vietnam
January 29, 2021

Intel recently announced that the company has invested additional US$475 million in its Vietnamese plant dedicated to production of its 5G products and processors, the Commercial Daily reported on January 28. This has made Intel’s total investment in Vietnam to reach US$1.6 billion since 2006. Amid the China-U.S trade war, Vietnam has been largely benefited as several brands such as Samsung and Apple have been moving their production lines out of China. This has made Vietnam an increasingly crucial part of the global technology supply chain. On top of that, the production lines in Vietnam have not been affected significantly by the COVID-19 pandemic compared to other countries. With fewer lockdowns being implemented, production capacity in Vietnam increased by 30% in the first half of 2020, according to the source.