Benzinga | Oct 12, 2021 10:16AM EDT

Two Significant Chipmakers Gear To Resume 100% Production In Vietnam, Unclog Supply Chain

* Intel Corp (NASDAQ:INTC) and Samsung Electronics Co Ltd (OTC:SSNLF) aim to resume entire operations of their Ho Chi Minh City plants by November end, signaling some relief for the supply chain disruptions, Bloomberg reports.

* Many companies operating in Saigon Hi-Tech Park lost about 20% of their export orders in July and August due to the pandemic's resurgence in Vietnam.

* Saigon Hi-Tech Park is helping its tenants, including those running at about 70% capacity, operate fully in November.

* The Ho Chi Minh City unit of magnetic card readers and micro motors maker Nidec Sankyo Corp aims to return to entire operations in late November.

* In July, Samsung shut 3 of its 16 workshops in Saigon Hi-Tech as it also reduced workers at its HCMC CE Complex by more than half.

* Intel's test and assembly plant in Saigon Hi-Tech had its workers on a sleepover arrangement.

* Price Action: INTC shares traded lower by 0.65% at $53.10 in the market session on the last check Tuesday.