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    Samsung and Intel invest in semiconductors in Vietnam

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    (ANSA) – HANOI, 11 AUG – Samsung CEO Roh Tae-Moon presented the investment plan in Vietnam for the current year. The $ 3.3 billion that the South Korean giant has allocated will allow Samsung to start producing semiconductor devices in Vietnam as early as July 2023, he said during a recent trip to the Asian country.

    The first part of the investment has already been made, 841 million dollars in the Ho Chi Minh City complex and 1.18 billion dollars in the northern province of Thai Ngyen, reports Vietnam Plus.

    As early as 2019, the technology giant had announced that it wanted to increase its investments in the semiconductor field to exceed 150 billion dollars, and Vietnam had immediately proposed itself as a partner during a visit by Vice President Lee Jae-Yong in 2020. .

    US chipmaker Intel Corporation has also invested a million dollars in an assembly and testing facility in Vietnam, with plans to expand its investments, CEO Patrick Gelsinger said to Vietnamese Prime Minister Pham Minh Chinh. during the meeting held in Hanoi last May. Gelsinger highly praised Vietnam’s dynamic economy, its high potential and the many opportunities for cooperation in Intel’s areas of strength, both at the manufacturing and research and development levels.

    In addition to Intel and Samsung, other foreign investors such as Amkor and Hana Micron, both South Koreans, have decided to start their microchip production in Vietnam. (HANDLE).

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    Source: Ansa

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