Intel is slated to relocate a portion of its production lines from Costa Rica to the Saigon Hi-Tech Park (SHTP) in Vietnam's Ho Chi Minh City.
The information was reported by the SHTP Management Board to the City People's Committee regarding the operations of the Intel Products Vietnam (IPV) factory and the progress of collaboration in semiconductor human resource training.
This move is part of Intel's global manufacturing restructuring strategy aimed at optimizing efficiency and sharpening its competitive edge.
The Intel facility at SHTP plays a vital role in the corporation’s global semiconductor supply chain.
Spanning 46.6 ha with a total committed investment of $4.115 billion, the plant stands as Intel's largest assembly and test facility worldwide. Cumulative output from 2010 to 2021 surpassed 3 billion products, underscoring the site's importance within Intel's global manufacturing network.
Relocating production from Costa Rica to Vietnam will not only streamline Intel's operations but is also expected to create over 2,700 high-tech jobs in the city.
Furthermore, Intel continues to support local talent development by sponsoring packaging and testing equipment for the SHTP Training Center, contributing to the enhancement of và the workforce's expertise in the semiconductor sector.
Industry experts believe that Intel’s expansion in Vietnam will yield significant economic benefits and propel the development of the domestic semiconductor industry. This presents a prime opportunity for Vietnam to solidify its position on the global technology map while generating sustainable value for the economy.
After 20 years of operations in Vietnam, Intel Products Vietnam (IPV) is projected to reach an export milestone of over 4 billion products by the second quarter of 2026, with cumulative export value exceeding $100 billion. Currently, the IPV factory has become Intel’s largest assembly and test site, accounting for over 50% of the corporation’s total output and providing employment for more than 6,000 people.
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