Thursday, February 23, 2006

Intel Wins Llicense for Chip Plant in Vietnam

Via Reuters.

Vietnam has approved the issue of a license to Intel Corp, the world's largest microchip maker, to build a $605 million plant to produce chips and computer parts in a deal that officials hope could help draw more investors.

Intel said in an invitation to Reuters on Thursday that the license would be handed over formally at a ceremony in Ho Chi Minh City on February 28.

Intel chairman Craig Barrett would introduce the project and receive the investment license, Intel said without elaborating.

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