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!
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