Intel invests $475M more in Vietnam unit

Intel Corp. invested an additional $475 million in its unit Intel Products Vietnam Ltd. to help enhance the production of the company's 5G products and other processors.

The U.S. chipmaker made the investment between June 2019 and December 2020, according to a Jan. 26 news release.

The investment is in addition to the $1 billion that the company injected into Intel Products Vietnam, which manages what is touted as the biggest chip assembly and test manufacturing facility across Intel's test and assembly network. The factory has more than 2,700 employees.

Intel intends to keep its chip factories in a bid to regain its technical leadership amid growing competition. The company earlier moved the production and assembly of some computer components from China to Vietnam, supposedly due to the ongoing U.S.-China trade war.