U.S.-based Intel Corporation, the world's largest computer-chip manufacturer, has announced plans to invest one billion dollars in a new plant in Vietnam.
Intel Vice President Brian Krzanich said Friday that, when completed in 2009, the plant will be anywhere from 14,000 to 46,000 square meters and will employ up to 4,000 people. It will be located in an industrial park outside Ho Chi Minh City.
The company originally announced plans for the plant in February. At that time it had been planned to be a 300-million-dollar project.
Intel's announcement comes the same week the World Trade Organization (WTO) voted to accept Vietnam as a member, and one week before Hanoi is scheduled to host the Asia Pacific Economic Cooperation Summit.
Intel makes computer chips for use in personal computers and other electronic devices.
Some information for this report was provided by AFP and AP.