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Intel Begins Globalization

Globalization and outsourcing has become one of the top priorities for most big business, and Intel is no exception. Recently the company announced that they were planning to go global with their manufacturing plants. This is good news for the countries they plan on moving into, as a new plant will certainly bring thousands of jobs. Intel today pledged to put up $300 million to build a semiconductor manufacturing and test plant in Ho Chi Minh City, part of the company`s quest to expand its operations in overseas.

The project, which will begin immediately, is something of a milestone: The plant is the first move by a chipmaker in Vietnam. "We applaud the progress the country has made in building up their technology infrastructure and the support of education programs to advance the capabilities of the local workforce," said Intel Chairman Craig Barrett, in a statement. Intel said the plant will expand its presence in Southeast Asia as part of the company`s digital ASEAN (d-ASEAN) program for creating a stronger digital workforce to inject technology into education and government.

The Vietnam facility, which is expected to give jobs to 1,200 people, will also meet a broader goal: By the end of 2006, the company plans to invest over $6 billion worldwide for capital additions. The Vietnam facility will be the seventh assembly site of Intel`s global network. Other sites include Penang and Kulim in Malaysia, Cavite in the Philippines, Chengdu and Shanghai in China, and San Jose in Costa Rica. Intel has made other moves recently to build out its worldwide arsenal in its war with rival AMD.