Intel said to consider 'significant increase' in Vietnam, expand existing plant
Justin Sullivan

Intel (NASDAQ:INTC) is reportedly giving thought to making a "significant increase" in its existing investment in Vietnam to add further production at its chip testing and packaging plant.
The potential increase in investment could be worth as much as $1B, Reuters reported, citing sources familiar with the matter. Intel (INTC) has previously invested $1.5B in the country.
Intel (INTC) has an existing plant in Ho Chi Minh City, which is the company's largest chip packaging and testing factory.
One of the sources added that Intel's (INTC) increased investment could be made over several years and could grow to more than $1B. Another source added that Intel (INTC) may also consider Singapore and Malaysia as an alternative to Vietnam.
Intel (INTC) shares fell fractionally in early trading on Friday.
Santa Clara, California-based Intel (INTC) is in the process of significantly expanding its global manufacturing operations. This week it was reported the chip giant demanded nearly $10B in subsidies from the German government to build a planned factory in the city of Magdelburg.
Intel's (INTC) plant in Magdelburg is part of its plan to invest $88B in Europe for manufacturing purposes over the next decade.
The Pat Gelsinger-led company is also working with Italy and other countries for additional manufacturing on the continent.
Earlier this month, it was reported that Intel (INTC) would cut the salaries of its employees, including senior leadership, as it struggles amid the broader semiconductor downturn.