HO CHI MIHN CITY, Vietnam, Feb. 23 (UPI) -- Intel Corp. gained Vietnamese permission to invest as much as $605 million on a semiconductor chip factory in Ho Chi Minh City.
The plant, which is expected to attract other foreign investors, will be Intel's sixth in Asia and be used for the final step of chip-making, when chips are split apart from wafers, packaged in ceramic casing, tested and sent to customers, the Wall Street Journal said Thursday.
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Vietnam has emerged as a high-tech manufacturing center because it complements neighboring China's dominance in assembling TVs and desktop computers.