Intel Corporation will continue to invest in Vietnam, Kim Huat Ooi, Vice President in Manufacturing, Supply Chain and Operations, and General Manager of Intel Products Vietnam told Tuoi Tre (Youth) Newspaper.

Intel Corp is in the process of considering a significant increase in its existing US$1.5billion investment in the nation as it seeks to expand its chip testing and packaging plant in the Vietnamese market.

Prime Minister Pham Minh Chinh applauded Intel’s decision to expand its investment in Vietnam while receiving its CEO Patrick Gelsinger in Hanoi on May 27.

Intel had poured an additional 475 million USD into Intel Products Vietnam (IPV), its single-largest assembly and test plant within the Intel Assembly and Test (ATM) network, IPV Director of Finance Alan Danner said on January 27.

 Intel Corp agreed to buy Israeli autonomous vehicle technology firm Mobileye for $15.3 billion on Monday in a deal that could thrust the U.S. chipmaker into direct competition with rivals Nvidia Corp ...

IPV factory, located in HCMC Hi-tech Park, makes up a high proportion of Vietnam’s total export value. It is an important link for Intel to implement its development plan in the Internet of Things (IoT) era.

Experts believe now is the right time for Vietnam to think of developing the Internet of Things (IoT) as a solution to foster socio-economic development, and discuss the use of an open and closed technology platform to ensure sustainable development.

VietNamNet Bridge - The negotiations with US billion-dollar companies on investments in Vietnam are often filled with drama.

 The citys Information and Communications Department and Intel Security signed a Memorandum of Understanding (MoU) yesterday to develop and strengthen security for information technology (IT) infrastructure in the city.

 VietNamNet Bridge – The Ministry of Finance (MOF) has denied the rumor that Intel, a big US invested enterprise in Vietnam dodged the laws to evade the tax it should have paid for the $100 million capital transfer deal.