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Intel opens $1bn Vietnam plant



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Intel CEO Paul Otellini has opened yet another plant in East Asia. Following the opening of a $2.5 billion fab in China on Tuesday, Otellini cut the ribbon on $1 billion assembly and test facility in Ho Chi Minh City.

Otellini told reporters that the new plant was the largest and most advanced test facility in Intel's global manufacturing network. He stressed that the plant would generate thousands of jobs and boost Vietnam's exports.

The 46,000 square meter is twice as large as Intel's other assembly test facilities and it's housed inside Saigon Hi Tech Park, in District 9. We're not sure how the Vietnamese authorities dealt with the aliens though. Intel also made a commitment to assist Vietnam's plans to modernize its education system and foster local innovation.

Of course, it is also worth noting that Otellini has been an outspoken critic of the current US administration and that he, spoken as a true patriot, called for more investment in the US tech industry and the creation of a more business friendly environment in the US. It would appear that Otellini is more at ease doing business in single party states than in the United States.

At least he's not investing in North Korea. Yet.

More here.
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