American chipmaker Intel's subsidiary in Vietnam issued a statement on Wednesday that Intel has invested an additional US$475 million in its Vietnam factory to help improve technology and increase its 5G products and core processor production capacity. 

Intel Products Vietnam, a subsidiary of Intel Vietnam, said that this move brings Intel's total investment in Vietnam to approximately US$1.5 billion. Explaining the company’s decision to increase investment in facilities and human resources in Vietnam, local general manager Kim Huat Ooi said: “Intel Products Vietnam is an important part of Intel’s supply chain.”

Vietnam has become an increasingly important part of the global technology supply chain, and companies such as Apple and Samsung are seeking to diversify their production through Vietnam. Previously, this Southeast Asian country has been able to contain the spread of the new crown virus. (Little) 

Source: NetEase Technology Report, translated by Google Translate