{"id":548111,"date":"2006-02-28T11:47:45","date_gmt":"2006-02-28T11:47:45","guid":{"rendered":"http:\/\/localhost:8888\/wordpress\/technology\/548111-intel-builds-new-semiconductor-plant.html"},"modified":"2006-02-28T11:47:45","modified_gmt":"2006-02-28T11:47:45","slug":"intel-builds-new-semiconductor-plant","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/technology\/548111-intel-builds-new-semiconductor-plant.html","title":{"rendered":"Intel builds new semiconductor plant"},"content":{"rendered":"

The IT giant’s move to set up shop in the booming southern business hub of Ho Chi Minh City has been hailed as placing Vietnam on the high-tech map, bringing jobs and technological know-how and potentially enticing other international hardware and software companies to follow. <\/font><\/p>\n

"Intel’s decision to invest in Vietnam is the 24-carat gold stampof approval for Vietnam as a world class investment destination,"Walter Blocker, chairman of the American chamber of commerce in HoChi Minh City, said. The plant, Vietnam’s largest high-tech project, accounts for more than two thirds of the country’s foreign investment capital so far this year, said the Vietnam Investment Review weekly. <\/font><\/p>\n

California-based Intel will employ about 2,000 workers at the 46.7 hectare (115 acre) plant in the Saigon Hi-Tech Park to make chips and computer parts for export. Analysts say Intel is attracted to Vietnam because of its low-cost and educated labour force and as part of its drive to diversify its locations across the globe but also to target Vietnam’s local market in the long term. <\/font><\/p>\n

With a dynamic economy and a highly literate population of more than 82 million, two-thirds of them aged under 30, Vietnam is already Southeast Asia’s fastest growing PC market. <\/font><\/p>\n

"This event is a big splash in the development of IT in Vietnam, a very significant step," Henry Nguyen, managing general partner of IDG Venture Vietnam, a Vietnam-based US investment fund, said on Monday. <\/font><\/p>\n

"Of course, today the reason why Intel comes to Vietnam is mostly because the workforce is (cheap) and can be easily trained. <\/font><\/p>\n

"But we can hope that in a few years’ time, the IT sector in Vietnam will not be only about assembling and producing but also about IT innovation." <\/font><\/p>\n

Vietnam, a communist nation that launched a broad economic reform programme known as ‘Doi Moi’ in the 1990s, has enjoyed rapid annual economic growth of 7.0 to 8.0% in recent years. Last June, Intel president Paul Otellini visited Vietnam to sign an agreement with the government to boost communication infrastructure across government bodies and other organisations. <\/font><\/p>\n

In January, the semiconductor giant posted a disappointing fourth quarter profit, up 16% from a year ago to $2.5 billion but still below expectations. <\/font><\/p>\n

INet-Bridge<\/font><\/i><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The world’s largest chipmaker Intel is due to announce the building of a 605-million-dollar semiconductor plant in Vietnam, in the largest investment by a US company in its former foe.<\/p>\n","protected":false},"author":23,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-548111","post","type-post","status-publish","format-standard","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/548111"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=548111"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/548111\/revisions"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=548111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=548111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=548111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}