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Intel Upsizes Vietnam Plant

The company will spend up to $1 billion on the facility.
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Intel (INTC) - Get Intel Corporation (INTC) Report will spend as much as $1 billion on a plant in Vietnam and more than triple the size of the facility, according to a report Friday.

The

Associated Press

said the chip giant will increase its initial $300 million investment in the chip assembly and testing plant that's under construction. The plant will be expanded to 500,000 square feet from 150,000 square feet.

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The

AP

report cited a company official for the information. Construction should be completed in 2007.