Intel

In 2023, Intel walked away from a $3.3 billion chip project in Vietnam because the country had no mechanism to offer the cash support that Intel wanted, but in 2026, Intel returned to Vietnam with an additional investment of $2.6 billion, or $4.1 billion in total.

Intel is set to invest $2.6 billion more in Vietnam, raising the total investment to $4.1 billion, the U.S. chipmaker said in a statement on Friday, at its 20th anniversary of operation in Vietnam.

Vietnam National University Hanoi (VNU Hanoi) is speeding up the construction of a national semiconductor laboratory worth $70 million, as Intel and Intel Products Vietnam (IPV) have transferred chip assembly and testing equipment to the university and Saigon Hi-Tech Park.

Intel plans to continue expanding investment in Vietnam while supporting workforce training and the development of the country’s semiconductor ecosystem, a delegation of the American semiconductor giant said to Vietnam’s Ministry of Science and Technology.

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.

Intel has completed the handover of 31 chip assembly and testing machines to Saigon Hi-Tech Park (SHTP) in Ho Chi Minh City and Vietnam National University Hanoi in the capital city of Hanoi.

Intel has expanded the role of Santhosh Viswanathan, Vice President and Managing Director for Intel India, appointing him as Vice President and Managing Director for India, Asia Pacific, and Japan (APJ), the tech giant announced on Tuesday.

NVIDIA will invest $5 billion in Intel’s common stock at a purchase price of $23.28 per share. The investment is subject to customary closing conditions, including required regulatory approvals.

Japanese multinational investment firm SoftBank Group Corp. and global technology firm Intel Corporation announced Tuesday their signing of a definitive securities purchase agreement, under which SoftBank will make a $2 billion investment in Intel common stock.

His appointment also comes three months after Intel ousted CEO and company veteran Pat Gelsinger, whose ambitious and costly plan to turn the company around was faltering and sapping investor confidence, Reuters reported.