Intel invests $475 million in Vietnam plant

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In a bid to improve technologies and boost production of its 5G products and core processors, Intel Corp announced in a statement that it has invested an additional $475 million in its plant in Vietnam.

The move takes Intel’s total investments in Vietnam to around $1.5 billion.

Vietnam has become an increasingly crucial part of the global technology supply chain, with companies such as Apple and Samsung seeking to diversify their production to minimise the impact of a Sino-U.S. trade war and after the Southeast Asian country has been able to contain the spread of the coronavirus so far.

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