Editor’s note: headline of the article has been updated
Intel Corporation has exported around four billion chips from Vietnam to global markets over the past 20 years, with a total value exceeding $110 billion, said Sarah E. Kemp, Intel Vice President for Government Affairs, Policy and Trade.
The executive made the statement during a Wednesday meeting with Nguyen Kim Son, Deputy Head of the Central Policy and Strategy Commission, the commission reported in a statement on Thursday. Kemp also shared Intel’s long-term development plans in Vietnam and expressed hope for continued support from Vietnamese authorities during the investment process..
The executive expressed appreciation for Vietnam’s semiconductor development strategy and highlighted foreign investment in the sector from companies, including Intel and Samsung.
For his part, Son highlighted the continued development of relations between Vietnam and the United States, particularly after the two countries upgraded ties to a Comprehensive Strategic Partnership, with opportunities for cooperation in high technology, innovation, and strategic supply chains.
He said Vietnam welcomed long-term and reputable high-tech investors such as Intel and noted that more than 60% of Intel’s chips are packaged in Vietnam, reflecting the company’s confidence in the country. He added that semiconductor development was one of Vietnam’s priority sectors.
Besides, Son highlighted Intel’s cooperation with Vietnamese universities in training high-quality personnel in artificial intelligence (AI) and urged Intel to continue supporting Vietnam in this area. He proposed that Intel help Vietnamese students access Intel factories for internships and support the application of Intel technologies in scientific research.
So far, Intel has invested about $1.5 billion in Vietnam. Saigon Hi-Tech Park (SHTP) in Ho Chi Minh City, the location of Intel factory in Vietnam, has recently reported that Intel is shifting its semiconductor chip production lines from Costa Rica to SHTP.
Intel transfers semiconductor equipment to support training, research in Vietnam