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Deja Bù: Mark reconnects with Jessica Harnois, founder Bù Wines | SaltWireHANOI - Intel has shelved a planned investment in Vietnam that could have nearly doubled the U.S. chipmaker's operation there, one person briefed on the plans said, in a blow to the country's growing ambitions in the chips industry.
But shortly after Biden's visit, U.S. officials informed a select group of U.S. businessmen and experts that Intel had shelved an expansion plan, one of the participants in the meeting told Reuters. One of those meetings took place last week in Hanoi and was attended by Vietnam's Deputy Prime Minister Tran Luu Quang.
Intel's about-turn would be a blow to Vietnam's growing ambitions to play a larger role in the global semiconductor industry. It has been holding talks with chipmakers, hoping to lure firms seeking to diversify their supply chain. During Biden's visit to Hanoi, the White House unveiled new initiatives and investments by U.S. chips companies including Amkor, Synopsys and Marvell. Intel was not mentioned.
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