This represents the first such investment by the semiconductor industry in Vietnam, and supports Intel's strategy to invest to support overall demand. Construction of this facility will begin immediately.

"We applaud the progress the country has made in building up its technology infrastructure and the support of education programs to advance the capabilities of the local workforce," says Intel chairman, Craig Barrett.

"Intel looks forward to working with the government and public sector in Vietnam to grow their technology capabilities and competitiveness."

The latest addition to the global network of assembly and test facilities will supplement Intel's existing activities in Southeast Asia.

As part of Intel's digital Asean (d-Asean) program, the company continues to work on the development of a stronger digital workforce, integrating technology into education and government, as well as making technology more accessible for business and consumers.