Intel’s quarterly report exposed the unenviable financial position of the corporation, and she stressed the importance of cutting costs, but so far it is achieved by laying off some employees, reducing management salaries and refusing to build new research centers. Intel is not yet ready to save on production facilities, and this idea warms the Vietnamese authorities, who are counting on this company’s investment in the Ho Chi Minh Technopark in the amount of $3.3 billion.
Image Source: Intel
As you know, Intel has a large enterprise for testing and packaging central processors and chipsets in this area. Since the corporation is determined to build new enterprises for the processing of silicon wafers in order to obtain crystals with system logic, graphics and computing units of central processors, it would be logical to increase the accompanying chip packaging capacities.
If the Vietnamese authorities manage to persuade Intel to such investments, then the Ho Chi Minh region will receive up to $ 7.4 billion in investments this year. So far, company representatives have preferred to say that Vietnam remains an important link in the global industrial chain of Intel, but it is premature to talk about any new investments. In 2021, the company has already invested $475 million in the local manufacturing cluster, and its total investment in the Vietnamese economy has reached $1.5 billion. Similar enterprises for testing and packaging Intel chips operate in Malaysia and China. A capacity shortfall in the spring of 2020 also forced the company to unfreeze a facility in Costa Rica, which was founded in 1997 but has been idle since 2014.
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