THE SOCIALIST REPUBLIC OF VIET NAM
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Intel inaugurates world’s largest chip plant in VN
VGP – Intel Group on October 29 officially inaugurated its micro-chip plant in Hồ Chí Minh City’s Hi-tech Park, the biggest in the world and the first semiconductor plant in Việt Nam.
The plant, invested with US
$1 billion and built for four years, will churn out chipset for laptops and
other mobile devices.
Vietnamese
Deputy PM Hoàng Trung Hải (4th from L) and leaders of Intel cut the
inaugural band to launch the biggest Intel micro-chip plant, Hồ Chí Minh City, October
29, 2010 - Photo: VGP/Nguyên Linh
In its initial phase of
operation, the plant expects to earn an export value of US $120 million/year.
However, Intel is planning
to raise the plant’s capacity to 820 million products per year and pocket the
revenue of US $5-15 billion in the next stages.
At the inauguration ceremony,
Vietnamese Deputy PM Hoàng Trung Hải remarked that the plant’s debut is an important
event marking a new success in restructuring the national economy towards hi-tech
industries in Việt
Mr. Hải took the occasion
to hail Intel for its assistance to educational reform and the building of a
powerful IT system in Việt
“A special impression today
is the presence of a large number of Vietnamese workers, managers and
technicians who all experienced Intel’s standard training programs in Việt Nam and
abroad,” said the Deputy PM.
Meanwhile, Intel CEO Paul
Otellini confidently said that the Việt Nam chipset plant will be an important
contribution to the group’s success.
He also mentioned some recent
agreements signed between Intel and Vietnamese partners on e-Government
development, education, and computer application.
It was reported that Intel
Việt