11-12-2023 (HANOI) Nvidia’s Chief Executive, Jensen Huang, declared the company’s plans to enhance its collaboration with Vietnam’s leading tech firms and assist the country in talent development for artificial intelligence (AI) and digital infrastructure. Nvidia, a prominent US chipmaker, has already invested $250 million in Vietnam and has partnered with key tech companies in deploying AI in cloud computing, automotive, and healthcare sectors, according to a document released by the White House in September during the upgrading of diplomatic relations with Vietnam.
During his first visit to Vietnam, Huang expressed the company’s commitment to deepening its ties with the country, citing existing partnerships and millions of clients in Vietnam. Huang highlighted Viettel, FPT, Vingroup, and VNG as potential partners for expanding collaboration. Nvidia aims to provide support for Vietnam’s AI training initiatives and infrastructure development.
Recent reports indicated that Nvidia was set to discuss semiconductor cooperation deals with Vietnamese tech companies and authorities during a meeting on Monday. This visit coincides with Vietnam’s aspirations to venture into chip designing and potentially chip manufacturing, capitalizing on trade tensions between the United States and China that create opportunities for Vietnam in the industry.
At the event in Hanoi, Vietnam’s Investment Minister Nguyen Chi Dzung mentioned the country’s preparations to attract investment in semiconductor and AI industries. Dzung urged Nvidia to consider establishing a research and development facility in Vietnam, responding to Huang’s proposal to set up a base in the country after meeting with Vietnamese Prime Minister Pham Minh Chinh on Sunday. The move aligns with Vietnam’s strategic efforts to position itself as a key player in the semiconductor sector and harness the potential of emerging technologies.
