Intel said to consider 'significant increase' in Vietnam, expand existing plant
Intel $Intel(INTC)$ is reportedly giving thought to making a "significant increase" in its existing investment in Vietnam to add further production at its chip testing and packaging plant.
The potential increase in investment could be worth as much as $1B, Reuters reported, citing sources familiar with the matter. Intel (INTC) has previously invested $1.5B in the country.
Intel (INTC) has an existing plant in Ho Chi Minh City, which is the company's largest chip packaging and testing factory.
One of the sources added that Intel's (INTC) increased investment could be made over several years and could grow to more than $1B. Another source added that Intel (INTC) may also consider Singapore and Malaysia as an alternative to Vietnam.
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