Intel was wandering around the world with a billion dollars burning a hole in their pocket, looking for a place to build a semiconductor factory. My, how times have changed.
Intel could have selected any country to build its largest chip assembly and testing plant. But the world's biggest semiconductor company decided to make the $1 billion investment in a relative newcomer to the high-tech game - Vietnam.
Intel announced earlier this month it would more than triple its initial investment to expand the planned factory in southern Ho Chi Minh City from 150,000 to 500,000 square feet. It is expected to begin operations in 2009 and could employ up to 4,000 workers.
I watched the helicopters take the last few people off the American embassy roof in Saigon in the 1970s on television. This is an improvement.
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