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HO CHI MINH CITY, Vietnam – Intel Corp. (INTC), the world's largest computer chipmaker, announced Friday that it will more than triple its initial $300 million investment in Vietnam, dramatically expanding the size of a chip assembly and testing plant that it is constructing in the country's southern business hub.
The company plans to spend $1 billion on the plant and expand its size from 150,000 square feet to 500,000 square feet, a company official said Friday.
Construction is expected to be finished in 2007. It will be Vietnam's first semiconductor facility, and Intel's sixth testing facility in Asia.
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