TECH - What's Going On With Intel Stock On Monday? | Benzinga
Intel Corp (NASDAQ:INTC) has bypassed Vietnam for a substantial investment project, citing insufficient investment incentives. The stock is trading higher on Monday.
The U.S. chipmaker had proposed a $3.3 billion project and requested 15% “cash support” from the Vietnamese government.
However, the Vietnamese Ministry of Planning and Investment disclosed in a document dated June 29 that Intel later decided to relocate the project to Poland, according to Taipei Times reports.
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The document revealed that LG Chem Ltd also decided against investing in Vietnam, choosing Indonesia ...