Intel applies to open new fab in Vietnam

DailyTech ^ | 1/4/2006 | Tuan Nguyen

[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 hasn’t 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 Vietnam’s 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 city’s population are Master and Ph.D holders.

[dirtydanusa]

Great, they can put the Chips in their Chinese made Chevy Equinox, with their Chinese made Levis and Nikes, put on the Leather jacket with the American Flag Embroidered on it (also made in China)and sell them here with our American made Money

[Clemenza]

Jap? What are you, from the 1940s or something?

[Voltage]

You may care about this but the voters prefer to drive business away.

[oceanview]

which voters are those? states and counties around the US would fall over backwards to give tax incentives and provide economic development efforts to get plants like this built in their areas.

free trade prevents them from getting a chance. who can compete with $10K a year engineers in Vietnam?

[jec41]

which voters are those? states and counties around the US would fall over backwards to give tax incentives and provide economic development efforts to get plants like this built in their areas.

Like Silicon Valley where they fought every plant being built. I worked for Dow Chemical and we tried to build a plant in CA. After being held up in court 5 years they called it quits. Dow figured another 15-20 years of court for approval at twice the cost of building the plant.

[oceanview]

what about the rest of the USA?

[Toidylop]

Unfortunately, they still fool a lot of people in this country with their lies.

[jec41]

what about the rest of the USA?

The market and raw materials were in CA. Chemicals have a small markup. To build it elsewhere and transport the raw materials in and then the product back was not cost effective. In addition they had already spent over the budget. Rather than fight it elsewhere in the US they waited and built it overseas.

[mikeybaby]

Exporting capitalism. What a novel thought.
OTOH, I don't think INTC would do this without the explicit approval of the Bush administration.
Things that make you go "Hmmm".

[jec41]

Exporting capitalism. What a novel thought.

Call it what you want but the stockholders and Corp. put up the money for investment and if the laws prevent profit in a certain area they will invest it elsewhere. Bush had nothing to do with it in the 1970's. Silicon valley was great for a short time and there were many companies. Most have moved because Ca. is so hostile to corporations.