U.S. Markets closed
  • S&P 500

    4,538.43
    -38.67 (-0.84%)
     
  • Dow 30

    34,580.08
    -59.71 (-0.17%)
     
  • Nasdaq

    15,085.47
    -295.85 (-1.92%)
     
  • Russell 2000

    2,159.31
    -47.02 (-2.13%)
     
  • Crude Oil

    66.22
    -0.28 (-0.42%)
     
  • Gold

    1,782.10
    +21.40 (+1.22%)
     
  • Silver

    22.45
    +0.17 (+0.76%)
     
  • EUR/USD

    1.1317
    +0.0012 (+0.1019%)
     
  • 10-Yr Bond

    1.3430
    -0.1050 (-7.25%)
     
  • Vix

    30.67
    +2.72 (+9.73%)
     
  • GBP/USD

    1.3235
    -0.0067 (-0.5029%)
     
  • USD/JPY

    112.8000
    -0.4090 (-0.3613%)
     
  • BTC-USD

    47,555.71
    -9,092.85 (-16.05%)
     
  • CMC Crypto 200

    1,367.14
    -74.62 (-5.18%)
     
  • FTSE 100

    7,122.32
    -6.89 (-0.10%)
     
  • Nikkei 225

    28,029.57
    +276.20 (+1.00%)
     

Two Significant Chipmakers Gear To Resume 100% Production In Vietnam, Unclog Supply Chain

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Intel Corp (NASDAQ: INTC) and Samsung Electronics Co Ltd (OTC: SSNLF) aim to resume entire operations of their Ho Chi Minh City plants by November end, signaling some relief for the supply chain disruptions, Bloomberg reports.

  • Many companies operating in Saigon Hi-Tech Park lost about 20% of their export orders in July and August due to the pandemic's resurgence in Vietnam.

  • Saigon Hi-Tech Park is helping its tenants, including those running at about 70% capacity, operate fully in November.

  • The Ho Chi Minh City unit of magnetic card readers and micro motors maker Nidec Sankyo Corp aims to return to entire operations in late November.

  • In July, Samsung shut 3 of its 16 workshops in Saigon Hi-Tech as it also reduced workers at its HCMC CE Complex by more than half.

  • Intel's test and assembly plant in Saigon Hi-Tech had its workers on a sleepover arrangement.

  • Price Action: INTC shares traded lower by 0.65% at $53.10 in the market session on the last check Tuesday.

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.