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Technology

Intel increases Vietnam chip investment by nearly 50%

US semiconductor giant faces pressure to outsource amid tech delays

HO CHI MINH CITY -- U.S. chipmaker Intel injected $475 million into its Vietnam division, its biggest chip assembly and testing site globally, even as the company looks set to outsource more production and risks being eclipsed by the more advanced technology of rivals.

Intel Products Vietnam used the funds, a nearly 50% increase from previous investments, to manufacture 5G products and core processors, the company said Wednesday. The expansion was to help it "take on more complex technologies" and diversify beyond the central processing units at the heart of its business, Intel said.

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