Posted on 01/04/2006 6:26:44 PM PST by rivercat
Our sources tell us that Intel has applied for a license with the Vietnamese government to open a fab in Vietnam
Hot on the heels of announcing the reopening of Fab 12, our sources in Asia tells us that Intel has applied for a license with the Communist Party of Vietnam to open a brand new plant.
There hasnt been a name released for the new plant or information about what it will produce but we know that it will be located in Ho Chi Minh City, which is Vietnams capital -- previously known as Saigon. The southern part of the city, known as Hi-tech Park, will be the location for the new plant.
Currently, 24% of the total exporting done by the region is to the US with industrial products and transportation and telecommunication technologies taking the top spot. Intel is said to be investing roughly $650 million US dollars into the project and the plant is estimated to staff over 2000 workers.
Our sources indicated that Intel Hong Kong will be leading the project. Ho Chi Minh City, being the economic center of Vietnam is a prime choice for Intel, especially considering that 30% of the citys population are Master and Ph.D holders.
What's a fab?
A fab is a where they make computer chips.
Short for fabrication plant.
Communist Party of Vietnam.
Enough said.
A fabrication facility - manufacturing integrated circuits (chips) for computers.
Huh??
"Ho Chi Minh City, which is Vietnams capital"hehehe...to the rest of the world, ya know...
Hmm. Should be hearing some wonderful news of great doings any day now.
Escaping from the EPA and trial lawyers here in the USA. Hard to be competative here when your paying protection money.
in 15 years, the entire US semiconductor industry will have gone offshore.
they want cheap labor, and the ability to pollute, while still retaining free un-tariffed access to first world markets for their products.
Probably true. We are the winners..a pristine environment without jobs.
One a-these!
15 years from now, DoD is going to have to figure out a way to maintain some portion of the semi industry as a "cottage industry" inside the US - if they want to be able to make weapons without having to source the components from china and other pacific rim hellholes that are not great friends of the USA.
30% of the citys population are Master and Ph.D holdersYou'd believe this crap!!!
Just goes to show you that communists are still world class liars.
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