Officials of Vietnam's investment and planning ministry and the provincial government of Ho Chi Minh City, where Intel has an existing plant, were not immediately available for a comment.
The U.S. chip giant already has extra land where its plant is based and an expansion in Vietnam would help it better manage supply disruptions stemming from relying heavily on a single country or a plant, one of the sources told Reuters, citing internal talks. The executive said Vietnam's biggest opportunity was in the chip assembling sector to satisfy industry demand to reduce "over-concentration" of production capacity in China and Taiwan, which together account for 60% of global capacity in that segment.
WHY R US Gov’t agencies STILL pushing taxpayer $s 2 Communist or Socialist countries like Vietnam? We’ve been shifting SO many vital industries OUT of th USA 4 yrs! Global interdependence is a nice idea - but America MUST NOT B dependent on countries that want 2 destroy us!
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fox Eyes M&A After Merger With News Corp. Scrapped: “Scale Is Important” – Lachlan MurdochFox will be actively pursuing M&A opportunities now that it won’t be merging with News Corp. Outside shareholders of both of the Murdoch family holdings had protested after patriarch Rupe… How about you attempt to get the former Fox assets Disney bought! How about you attempt to get the former Fox assets Disney bought! (At least the core film and TV production assets like 20th Century Studios.)
Read more »
Fox Corp. Earnings: What Wall Street Likes About the Murdochs’ Latest MovesA plan for an increased stock buyback program as well as higher advertising revenue played well with investors and finance experts.
Read more »
VF Corp. Retools After CEO Switch, Company Not Reaching ‘Full Potential’Interim chief Benno Dorer cut VF’s dividend and plans to sell the backpack business while sharpening operational focus.
Read more »