Intel To Build Plant In Vietnam

Intel has confirmed that it is investing $300 million dollars to build a plant in Vietnam. The company also announced plans to expand its R&D operations in Israel.

Construction of this facility will begin immediately, according to Intel. When completed and opened in 2008, the Vietnam facility will be the seventh assembly site in Intel's global network and is projected to eventually employ about 1,200 people. Intel’s other backend sites include Penang and Kulim, Malaysia; Cavite, Philippines; Chengdu and Shanghai, China; and San Jose, Costa Rica.