Posted on 02/27/2006 7:58:58 PM PST by Always Right
Intel Announces Plans to Build $300 Million Chip Assembly Plant in Vietnam
HO CHI MINH CITY, Vietnam (AP) -- Intel Corp., the world's largest chipmaker, announced plans Tuesday to build a $300 million chip assembly and testing factory in southern Vietnam, giving a huge boost to the country's efforts to raise its high tech profile.
The facility, which will be built in Ho Chi Minh City's Saigon Hi-Tech Park, marks the single largest U.S. investment so far in its former wartime adversary. The deal is considered a significant one for Vietnam in its campaign to attract more foreign investors.
"We consider this to be one small step in a long journey of involvement with Vietnam," said Intel Chairman Craig Barrett at a formal ceremony where Vietnam's Ministry of Investment and Planning handed over the investment license.
Construction on the plant, which will employ 1,200 people, will begin immediately, he said, adding that production is slated to start in the second half of 2007. Barrett said he considers the facility to be only the first phase of Intel's investment in Vietnam.
Vietnamese leaders are hopeful that Intel's move will put an international spotlight on the country's attractions as an investment destination. Vietnam last year had an annual growth rate of 8.4 percent.
WTF is wrong with USA?
Haven't you figured it out yet? All we have here is a bunch of lazy, illiterate deadbeats with their hands out for freebies. How can that possibly compare to the innocent, oppressed peoples of color of the third world who are willing to work for $0.15 per day, 24/7 with no bathroom breaks?
jobs americans just won't do.
doing business with commies is becoming the American way
Unions, regulations, and lawsuits perhaps.
Taxes.
This stuff has been going on for so long it is now simply accepted as good business. Profit margins must be maintained. What better place then allow for commies to be ingaged in learning all the engineering techniques in wafer packaging and testing. Then in a few years you will see Intel will erect a full wafer fab facility there. So eventually they will gain all the skills required to produce close to leading edge silicon IC. Off course, we must also give them the latest and greatest in the way of simulators and layout tools so they can start making their own stuff. In short we shall give them the capability to design and fabricate high end chips for their own industries in due time. This has been going on for years, how do you think Taiwan got started, just to name one. Things are not as they may appear. Off course good old boy bean counters could give a fizz less. They maintain their nice salaries for the present.
Thats why I buy AMD processors, at least they build plants in Germany. Intel stinks.
I purchased a plant in VN in 1997... workers there were paid about $100 per month for 45 hour weeks... breaks were allowed at anytime and on my visits there during the breaks I'd play basketball with them. They have a 92% literacy rate for males... 85% for females and are one of the top 15 countries in the world for infant survivability.
I think you are a bit harsh about the Vietnamese... perhaps not about the Americans..
Excellent work force... capable of ISO9000 quality standards. FU government but much easier for a US company to deal with rather than the Commy Chinese.
JMHO
Jim
"Intel to Build $300M Plant in Vietnam
Why not build it in the USA and give jobs to our unemployeds?
The question is whether or not Vietnam is cooperating in the search, not whether or not remains are still being found and identified. It is *VERY* likely that the remains of many US soldiers were not recorded, buried, marked, etc. War sucks, and sometimes people are just lost. Combine that with a thick jungle and you'll never find everyone lost. It is tragic, but it is fact. If Vietnam is cooperating with the search, they are not in violation. The story you link to has no evidence that they are hiding anything....
>>>It is *VERY* likely that the remains of many US soldiers were not recorded, buried, marked, etc.
It is also *VERY* likely that documentation has been distroyed and obstructed concerning our US soldiers.
http://www.freerepublic.com/focus/news/1209454/posts?page=187#187
April 27, 1992
Memorandum for: Vice Chairman, Senate Select Committee on Prisoners of War and Missing in Action
From: John F. McCreary
Subject: Legal Misconduct and Possible Malpractice in the Select Committee
(snip)
a. On 9 April 1992, the Chairman of the Senate Select Committee, Senator John Kerry of Massachusetts, in response to a protest by other members of the Select Committee, told the Select Committee members that "all copies" would be destroyed. This statement was made in the presence of the undersigned and of the Staff Chief Counsel who offered no protest.
b. Later on 9 April 1992, the Staff Director, Frances Zwenig, an attorney, repeated and insured the execution of Senator Kerry's order for the destruction of the Staff intelligence briefing text. I personally delivered to Mr. Barry Valentine, the Security Manager for SRB-78, the original printed version of the intelligence briefing text. I also verified that the original was destroyed by shredding in the Office of Senate Security on 10 April 1992, along with 14 copies.
(snip)
d. On 16 April, the Chairman of the Senate Select Committee, Senator John Kerry, stated that he gave the order to destroy "extraneous copies of the documents" and that no one objected. Moreover, he stated that the issue was "moot" because the original remained in the Office of Senate Security "all along."
(snip)
I am tired of the SUITS giving American away. It's time for a little outsourceing of the SUITS.
Oil, raw materials, and high tech/chemical goods from Russia, Cheap goods from China, what else???
Interesting... but it doesn't say a thing about Vietnam covering anything up. Your point? That politicians in DC cover things up? I'm shocked!
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