Intel $605 million investment in Vietnam's main production of Semiconductors

According to foreign reports, the Vietnamese officials said 5, the Ministry of planning and investment in 4 days of receipt of the company's investment plans for Intel. The application shows that Intel intends to invest $605 million in the production of semiconductor Hu Zhiming, vietnam.

It is understood that the application is headquartered in Hongkong Intel Asia Holding, is a subsidiary of the chip giant Intel.

The official said that the Vietnamese Ministry of planning and investment is currently considering the issue of investment licenses as soon as possible. At the same time, the official expects Intel's investment will be the largest high-tech investment projects in vietnam.

Data show that in 2005 the country's computer and computer equipment sales is estimated to reach $700 million, an increase of 30% compared to 2004; in 2005 the information technology industry exports $700 million, an increase of 35% over the previous year.