Intel Corp, the world's largest chipmaker, will start operating its assembly and testing plant in May, said an official at Saigon Hi-Tech Park in Ho Chi Minh City, where the plant is located.
The official inauguration of the plant will be held in October, said Le Thai Hy, manager of the Ho Chi Minh City-based technology park. The plant is expected to manufacture US$120 million worth of products this year, and the annual output will gradually reach $15 billion when it is up to full capacity.
The $1 billion plant is among seven new projects that will begin operation this year at the Saigon Hi-Tech Park in District 9. Of 41 projects registered, seven have started production.
The park management said a program has been developed to attract supporting industry companies that will supply Intel's plant and help increase the local content ratio of products manufactured there.