Intel, the world’s leading producer of computer chips, said on Friday that it will increase its original investment in its Vietnamese chip plant from roughly $300 million to $1 billion, the Associated Press reports via WashingtonPost.com.The additional investment will increase the size of the chip assembly and testing plant to 500,000 square feet from about 150,000 square feet, an Intel representative told the AP on Friday.The enhancements to the facility are expected to be finished sometime next year, and the plant is Vietnam’s first such facility and Intel’s sixth chip research and development locale in Asia, according to the AP.In related news, Intel on Monday announced in conjunction with partner Micron that it plans to build a new factory in Singapore to produce NAND flash memory, which is commonly used in digital cameras and MP3 players. Related Links: Intel, Micron to Build NAND Flash Factory Intel Chairman Barrett Woos Rural India Intel Community PC Project Gains Steam in IndiaCheck out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content feature Expedia poised to take flight with generative AI CTO Rathi Murthy sees the online travel service’s vast troves of data and AI expertise fueling a two-pronged transformation strategy aimed at growing the company by bringing more of the travel industry online. By Paula Rooney Jun 02, 2023 7 mins Travel and Hospitality Industry Digital Transformation Artificial Intelligence case study Deoleo doubles down on sustainability through digital transformation The Spanish multinational olive oil processing company is immersed in a digital transformation journey to achieve operational efficiency and contribute to the company's sustainability strategy. By Nuria Cordon Jun 02, 2023 6 mins CIO Supply Chain Digital Transformation brandpost Resilient data backup and recovery is critical to enterprise success As global data volumes rise, business must prioritize their resiliency strategies. By Neal Weinberg Jun 01, 2023 4 mins Security brandpost Democratizing HPC with multicloud to accelerate engineering innovations Cloud for HPC is facilitating broader access to high performance computing and accelerating innovations and opportunities for all types of organizations. By Tanya O'Hara Jun 01, 2023 6 mins Multi Cloud Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe