At the factory of Intel Products Vietnam (Photo: tuoitre.vn) The year 2022 has affirmed the importance of Vietnam to the USsemiconductor giant and vice versa, he said, adding that these performanceand efficiency results underpin the need to inject more capital into theSoutheast Asian country.
By the end of 2021, the Intel Corporation had injected a total of 1.5 billion USD inVietnam and it wants to keep investing and that is certainly what Intel will do, he said.
Intel Products Vietnam (IPV) is now the largest of the four factories in termsof assembly and testing, he noted.
Regarding the possibility that IPV will be upgraded to participate in more stages ofthe chip production process, he said that their current plan is to focus onpackaging and testing.
Currently, the Vietnamese factory is manufacturing the 13th generationprocessor Raptor Lake and the next generation Meteor Lake which accounts formore than 50% of global production for assembly and testing, Kim said, addingthat this is a very significant figure.
According to him, the role of packaging and testing should not beunderestimated. Compared to the previous generation, the production process ofMeteor Lake processor is much more complicated.
Kim recalled that 17 years ago, the Vietnamese government, or more specifically leaders of Ho Chi Minh City, had a very good vision of the future bypersuading Intel to come and invest here.
The corporation is the first high-tech investor in Vietnam and the governmenthas helped and supported a lot in the administrative process. Intel's presencehas also helped Vietnam attract more high-tech investors over the past 17years, he said.
With such a complex model and new version of the Meteor Lake chip, the assemblyand testing process is also more complicated, Kim said, noting that technologyrelating to these processes needs to be continuously upgraded.
To attract more investors, it is necessary for the Vietnamese government toreview the current business support programmes, especially the preferential taxrates, he said, elaborating that other countries such as the Philippines,Malaysia and Indonesia are making similar moves.
These countries and Vietnam have focused on using corporate income taxprogrammes to support and attract investors. He cited the US and Europeanchip laws that have been approved as typical examples.
The modernisation of incentive programmes to support businesses will be anessential action that the Government of Vietnam needs to adopt to assistbusinesses, along with the advantages of labour costs and political stability.
According to Kim, the number of foreign companies in the Southeast Asiancountry will increase in the future. He also highlighted the necessity of solving such problems as government incentives andstreamlining administrative procedures. The current model that businesses aremoving towards must be resilient and geographically balanced, he added./.
VNA
