Intel Products Vietnam Co., Ltd (Vietnam)

The subject - Intel Products Vietnam Co., Ltd (known as IPV) is a member of Intel Corporation - one of the largest semiconductor chip makers in the world. INTC shares of the subject's ultimate parent company are listed on the Nasdaq Global Select Market.The IPV's factory is the largest manufacturing, assembly, and testing facility in Intel's assembly and testing network, besides other eight manufacturing sites that Intel has globally. IPV is producing Intel's latest products including 5G, IOT, desktop… for customers. According to media information, in 2021, IPV contributed 26% of the export value of Vietnam's electronics industry. At present, the total output of its factory in Vietnam accounts for more than 50% of the output in Intel's packaging and testing factory system around the world.As shared, the total workforce of the subject is about 3,000 employees (including its official employees and its subcontractors according contract). This number of employees may decrease slightly in the upcoming time under the influence of the global economic recession. Most noticeably, the additional investments of Intel in Vietnam are still under further review, especially in the volatile economic environment.