Today: 03/10/2022 18:01:32 (GMT+7)

Vietnam facility helps Intel overcome semiconductor shortage

Vietnam’s stable business environment and young labor force have helped Intel overcome the semiconductor shortage crisis, a senior company leader said.

The country’s stable socio-political environment, increasingly liberalized trade and investment policies, and a young and talented workforce are some of the reasons why Vietnam has become attractive to multinationals, especially tech companies like Intel, general manager of Asia Pacific and Japan Steve Long told.

Vietnam facility, helps Intel, overcome semiconductor shortage, stable business environment,  young labor force, high-tech world map

Intel's facility at Saigon Hi-Tech Park, Ho Chi Minh City.

Vietnam has the capability to set up infrastructure and necessary policies to support advanced manufacturing, he said, adding that the presence of Intel also helps bring Vietnam to the high-tech world map.

Intel Products Vietnam (IPV) is Intel's largest assembly and test factory in its worldwide manufacturing network.

With 2,800 employees and an investment of $1.5 billion, this is the biggest U.S. high-tech company in Vietnam.

As of 2021, IPV has delivered over three billion products to customers worldwide after 15 years of operation.

Intel experts in Vietnam have also come up with a new initiative to make semiconductor manufacturing 80 percent faster, said Kim Huat Ooi, vice president in manufacturing and operations and general manager of IPV.

This initiative allows the factory to produce millions of semiconductors more each year, opening the door for Intel to increase its profit by over $2 billion, he added.

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Source: VnExpress

Vietnam facility, helps Intel, overcome semiconductor shortage, stable business environment, young labor force, high-tech world map
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