Sherry Boger, Intel Products Vietnam’s general director, holds up the first CPU manufactured in the Ho Chi Minh City-based factory on July 29. Photo credit: Thoi Bao Kinh Te Saigon
The US-owned Intel Corporation presented its first Ho Chi Minh City-made Central Processing Unit (CPU) on Tuesday and announced plans to shift the majority of its chip production here.
During the press conference, General Director Sherry Boger of Intel Products Vietnam told reporters that the ‘Haswell’ CPUs were made at their factory in the Saigon Hi-Tech Park over the course of two months, Thoi Bao Kinh Te Saigon reported.
"Haswell" is Intel's codename for the fourth generation of processing chips found in nearly every laptop, desktop and mobile phone.
Intel plans to produce 80 percent of CPUs for the world market in Vietnam by this time next year, Boger told the press.
The company has already imported 71 pieces of equipment from factories in Malaysia and Costa Rica and sent 105 Vietnamese engineers to their Malaysian factory for training.
It plans to import 159 more devices to ramp up CPU production in the near future.
Intel Products Vietnam's factory opened in 2006 and began assembling and testing semiconductor components in 2010.
It achieved over US$1.8 billion in export turnovers last year.
Boger said the factory has disbursed around 45 percent of the $1 billion investment Intel set aside for it in 2006.
As of June, the factory has provided more than 1,000 jobs and attracted 80 component providers, including Vietnamese ones.