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Chipmaker Intel walks away from Vietnam once, now returns with $2.6B additional investment
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Chipmaker Intel walks away from Vietnam once, now returns with $2.6B additional investment
In 2023, Intel walked away from a $3.3 billion chip project in Vietnam because the country had no mechanism to offer the cash support that Intel wanted, but in 2026, Intel returned to Vietnam with an additional investment of $2.6 billion, or $4.1 billion in total. A $3.3 billion demand Vietnam could not meet Intel once proposed a new chip production facility in Vietnam with a capital commitment of $3.3 billion, conditioned on the government cove…
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