A VinFast VF 5 electric vehicle is displayed at the VinFast booth at CES 2022 at the Las Vegas … [+] Convention Center on January 5, 2022 in Las Vegas, Nevada.
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Vingroup, the biggest conglomerate in Vietnam, has reached a deal with Intel to develop 5G technology for a range of industries in the fast-developing Southeast Asian country, especially in the hot field of electric vehicle production.
The Vietnamese conglomerate, led by billionaire Pham Nhat Vuong, said in a statement last week that it had signed a memorandum of understanding with the U.S. semiconductor giant to create a wide range of advanced computing systems. Intel, which has a $1.5 billion state-of-the-art chip assembly and test manufacturing facility in Vietnam, is likely to design the technology for Vingroup, analysts say.
The companies will collaborate largely to install…