Subscribe to our free daily newsletters
  Space Industry and Business News  




Subscribe to our free daily newsletters



CHIP TECH
Intel opens biggest ever chip plant in Vietnam

Hynix earnings soar on higher demand for mobile chips
Seoul (AFP) Oct 28, 2010 - South Korea's Hynix Semiconductor, the world's second-largest memory chipmaker, Thursday announced a record net profit in the third quarter thanks partly to higher sales of chips used in mobile devices. A stronger won also cut overseas debt repayments, the company said in a statement. Net profit was 1.06 trillion won (937 million dollars) in July-September compared to 246 billion won a year earlier.

Sales grew 53 percent year-on-year to 3.25 trillion won in the same period while operating profit rose almost fourfold to 1.01 trillion won. Despite a sharp fall in memory chip prices due to slowing consumer demand, analysts told Dow Jones Newswires that Hynix's performance was supported by its faster migration to advanced chips. The company's expanded exposure to speciality memory chips for mobile devices also helped, the analysts said.
by Staff Writers
Hanoi (AFP) Oct 29, 2010
US-based chip maker Intel on Friday opened a billion-dollar plant in Vietnam, the company's biggest in the world, expected to create thousands of skilled jobs as the nation moves from low to hi-tech.

Intel president and chief executive Paul Otellini and Deputy Prime Minister Hoang Trung Hai officially opened the assembly and test facility, the size of five-and-a-half football fields, at an industrial park in Ho Chi Minh City.

Hai said the opening "supports our goal of accelerating economic transformation led by technology-intensive industries".

Intel said in a statement: "Production commenced in the middle of this year, starting with production of chipsets for laptops and mobile devices for Intel customers worldwide.

"Once fully operational, the facility is expected to create several thousand skilled jobs in high-tech manufacturing and generate significant export revenue for the country."

The facility is one of seven operated by Intel worldwide and reflects the transformation in ties between one-time enemies Vietnam and the United States as the communist country has opened up its economy over the last two decades.

Intel announced the project four years ago, proclaiming it the largest investment in Vietnam by an American company.

US Secretary of State Hillary Clinton, who was due in Hanoi later for an East Asia summit, described Vietnam as "a country that we are developing stronger relationships with, that were unimaginable even 10 years ago, let alone 40 years ago".

The opening of Vietnam's first semiconductor factory comes as analysts warn that the country risks losing out both to poorer, lower-wage nations and richer ones that are more innovative and have a higher-quality labour force.

Otellini said at the ceremony that Intel had signed pacts with government agencies to advance e-government, education, personal computer and broadband penetration and digital literacy in Vietnam.

The World Bank and Vietnam's Academy of Social Sciences (VASS) said in a report in August that the nation depends too much on exploitation of natural resources while its industry, much of it dominated by large state-owned groups, lacks dynamism.

The country is the world's second-largest exporter of rice and coffee, with seafood, footwear and apparel among other earners.

However science and technology standards are low compared with regional rivals, VASS president Do Hoai Nam has said. He has complained that economic infrastructure is not well-developed and that Vietnam suffers a lack of specialisation and competitiveness and a shortage of skilled workers.

However the head of the American Chamber of Commerce Vietnam, Adam Sitkoff, said the Intel facility showed Vietnam is "moving up the food chain toward increasingly sophisticated manufacturing".

The facility would provide "higher-quality jobs" for Vietnamese people and attract other high-tech firms to the country, Sitkoff said. "Usually when Intel goes somewhere, that's a sign to other technology companies that they can go there also."

Leon Perera, group managing director of Spire Research and Consulting in Singapore, said: "Intel's investment in Vietnam is undoubtedly a vote of confidence" in the country.

Vietnam, he added, was benefiting from multinational companies' need to diversify beyond China.

Perera said that Vietnam, with its labour-cost advantage over China, closeness to the Chinese market, and participation in regional free trade pacts, "may be well suited for assembly of IT products".

However one obstacle could be Vietnam's relatively underdeveloped logistics industry, Perera said. "Another obstacle would be the relative scarcity of English speakers as compared to Malaysia, or even Thailand and China."



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Computer Chip Architecture, Technology and Manufacture
Nano Technology News From SpaceMart.com



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


CHIP TECH
Intel to open billion-dollar chip plant in Vietnam
Hanoi (AFP) Oct 27, 2010
The world's biggest chip maker, Intel, will on Friday open in Vietnam a billion-dollar assembly and test facility billed as the company's biggest, as the country vies to move up the technology ladder. Vietnamese government leaders and officials of the US firm will cut a ribbon to inaugurate the plant in Ho Chi Minh City four years after it was conceived. The opening of the high-tech faci ... read more







CHIP TECH
Google giving away Google TV devices to developers

Smaller Is Better In The Viscous Zone

Two NASA Spacecraft Begin New Exploration Assignments

Space Fence Design Moves Into Next Phase

CHIP TECH
Testing For AEHF Satellite Services Completed

Sagem Prime Contractor For RIF-NG New-Gen Soldier Info Network

JTRS, Ground Mobile Radios Program Completes System Integration Testing

First MEADS Intra-Fire Unit Communications Hardware Delivered

CHIP TECH
Ariane 5 Lofts Dual Birds

Payload Preparations Underway For Fifth Ariane 5 2010 Mission

Sea Launch Company Emerges From Chapter 11

Ariane 5 Rolls Out For Dual Bird Launch

CHIP TECH
'Exorbitant' price talk for Galileo maps way off beam: EU

Russia To Launch 8 Glonass Navigation Satellites In 2011-2013

S.Africa implants GPS chips in rhino horns to fight poaching

Rhinos equipped with GPS tracking

CHIP TECH
NASA Releases Report About Australia Balloon Mishap

Aeromexico Operates Its First "Green Flight"

India mulls Boeing Globemaster III deal

Boeing Projects 90 Billion Dollar Commercial Airplanes Market In Russia And CIS

CHIP TECH
Intel opens biggest ever chip plant in Vietnam

Intel to open billion-dollar chip plant in Vietnam

Intel to invest up to 8 billion dollars in US chip plants

Intel posts three billion dollar quarterly net profit

CHIP TECH
FTC ends inquiry into Google 'Street View' data collection

Modeling The Fiery Past And Future Of Planet Earth

Hanging On For Dear Life

Introducing The A-Train

CHIP TECH
Berlusconi says deal reached to end Naples garbage crisis

Trailblazing China environmental activist dies

South Africa in race against toxic mine water threat

Chinese city offers cash for cigarette butts


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement