Intel, Samsung to resume full production next month
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Units of electronics manufacturing giants Intel and Samsung are set to fully resume operations by the end of November after months of social distancing-triggered production disruption.
Saigon Hi-Tech Park is helping its tenants, many of which are currently running at about 70 percent capacity, to resume full operations next month, the park’s deputy manager Le Bich Loan said in an interview.
The park is home to Samsung, Intel, and Nidec Sankyo Corp, a maker of magnetic card readers and micromotors.
Nidec is also looking to resume full capacity by the end of next month, according to Saigon Giai Phong.
Many companies operating in Saigon Hi-Tech Park lost about 20 percent of their export orders in July and August, Loan said.
In the last several months HCMC has been imposing various levels of social distancing, which restricted the operation of factories.
The city started resuming activities on Oct. 1.
Questions & Answers
Q.Which specific companies are mentioned as resuming full production next month?
Which specific companies are mentioned as resuming full production next month?
Intel and Samsung are both set to fully resume operations by the end of November. Nidec Sankyo Corp, another tenant in the park, is also looking to resume full capacity by the end of next month.
Q.What was the main reason for the production disruption experienced by these companies?
What was the main reason for the production disruption experienced by these companies?
The production disruption was triggered by months of social distancing measures. These restrictions, imposed by HCMC, limited the operation of factories within Saigon Hi-Tech Park during the last several months.
Q.When did companies operating in Saigon Hi-Tech Park begin to face significant losses in export orders?
When did companies operating in Saigon Hi-Tech Park begin to face significant losses in export orders?
Many companies operating in Saigon Hi-Tech Park lost approximately 20 percent of their export orders in July and August. This occurred during the period when HCMC was imposing various levels of social distancing.
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