On November 7, Reuters reported that Intel had decided to cancel plans to expand chip production in Vietnam. In the news, the news agency also said that Intel declined to comment on this issue.

Regarding the above information, VietNamNet reporters spoke with Intel's media representative in Vietnam and were told: "Vietnam continues to be an important part of Intel's global manufacturing operations. We are very pleased to support the development of the large technology industry ecosystem and workforce in Vietnam for nearly two decades of operating here, and we look forward to continuing to do so in the future."

At the same time, this representative also affirmed that Intel has invested a total of 1.5 billion USD in the Intel Vietnam factory from 2006 to January 2021. To date, this is Intel's largest chip assembly and testing factory in the world. The group continues to fulfill its investment commitment and operate stably.

“We will continue to invest based on the actual situation and our business needs,” said an Intel representative.

Intel is considered the first large American corporation to invest in the semiconductor industry in Vietnam, when in January 2006, Intel announced a $300 million project to build a new facility, including a chip testing and assembly plant in the Ho Chi Minh City High-Tech Park.

After 17 years, the number of employees at Intel's chip factory has reached more than 4,000. Currently, the Vietnamese factory is producing 13th generation Raptor Lake processors and next generation Meteor Lake processors, accounting for more than 50% of global assembly and testing output. Intel will continue to invest in the factory in Vietnam in the coming time and will still focus on chip assembly and testing.

Up to now, Intel is the only US company investing in a chip factory in Vietnam.

Intel eyes supply chain in US, Europe and Asia CEO Pat Gelsinger said Intel will establish a supply chain outside the US as the chipmaker faces geopolitical risks such as US-China tensions.