Supply Chain Woes Could Lessen as Vietnamese Intel, Samsung Plants Fully Open

Eric Broder Van Dyke / /

Several manufacturers could see modest improvement in their supply chain issues in time for the new year. Intel Corporation, Samsung Electronics Co. and Nidec Sankyo Corporation have plans to fully reopen their Ho Chi Minh City manufacturing plants by the end of November, Bloomberg reported.

See: Chip Shortage Forces Apple to Reduce iPhone Production: What Will This Mean for Holiday Shoppers?
Learn: IMF Downgrades US Growth Forecast Citing Supply Chain Disruptions, Inflation

All three manufacturers are tenants of Saigon Hi-Tech Park. The park’s deputy manager, Le Bich Loan, told Bloomberg in a phone interview that the park intends to help its tenants open to capacity by late November. They are currently running at 70%, which includes the loss of staff who “fled to home provinces,” Bloomberg wrote. Although Loan wasn’t specific on the measures they would be taking to re-open, it will include re-staffing.

In July and August, a surge in coronavirus cases caused the government to create mandates for on-site sleeping arrangements so employees could remain in the factory or to shut down operations entirely. At the time, Intel Corp. spent $6.1 million to meet the strict mandates and continue operations, but still shut down three of its 16 workshops in Saigon Hi-Tech.

Explore: As Anxiety at the Grocery Store Mounts, Over Half of US Shoppers Demand Supply Chain Transparency
Find: Walmart, Target and More Charter Private Ships To Combat Great Depression-Level Supply Chain Issues

Make Your Money Work for You

Intel stock started climbing slightly this morning, up just over $50 after a 5-day dip. The news didn’t seem to help Samsung stock, however, which has lost 15% for the year, and saw its price target cut by analysts at HSBC Holdings Plc, among others, this week.

More From GOBankingRates

Last updated: October 13, 2021

Share this article:

Make Your Money Work for You

About the Author

Dawn Allcot is a full-time freelance writer and content marketing specialist who geeks out about finance, e-commerce, technology, and real estate. Her lengthy list of publishing credits include Bankrate, Lending Tree, and Chase Bank. She is the founder and owner of, a travel, technology, and entertainment website. She lives on Long Island, New York, with a veritable menagerie that includes 2 cats, a rambunctious kitten, and three lizards of varying sizes and personalities – plus her two kids and husband. Find her on Twitter, @DawnAllcot.
Learn More

Best Bank Accounts for September 2022

Untitled design (1)
Close popup The GBR Closer icon

Sending you timely financial stories that you can bank on.

Sign up for our daily newsletter for the latest financial news and trending topics.

Please enter an email.
Please enter a valid email address.
There was an unknown error. Please try again later.

For our full Privacy Policy, click here.