Nvidia Aims for Closer Ties with Vietnam, Pledges Support for AI Development
As the trade dynamics shift amidst tensions between the United States and China, Vietnam is eyeing a significant opportunity within the industry.
Nvidia, the tech powerhouse, revealed plans on Monday to bolster its collaboration with Vietnam's top tech firms. The focus? To propel the nation's prowess in artificial intelligence (AI) development and fortify its digital infrastructure.
Jensen Huang, the CEO of Nvidia, expressed his enthusiasm during his inaugural visit to Vietnam, emphasizing the company's deepening engagement with the country. "Vietnam is already our partner, serving millions of our clients," remarked Huang at an event held in Hanoi.
With a substantial investment of $250 million in Vietnam, Nvidia has been aligning forces with premier tech companies, aiming to deploy AI across various sectors such as cloud computing, automotive innovation, and advancements in healthcare. This strategic partnership between Nvidia and Vietnamese tech giants, including Viettel, FPT, Vingroup, and VNG, is poised for expansion, marking a significant leap in the country's AI training and infrastructure development.
Last week, reports surfaced indicating Nvidia's discussions on semiconductor cooperation with Vietnamese tech entities and authorities. Huang's visit seems timely, coinciding with Vietnam's ambitious venture into chip design and potential chip manufacturing. As the trade dynamics shift amidst tensions between the United States and China, Vietnam is eyeing a significant opportunity within the industry.
During the event, Vietnam's Investment Minister Nguyen Chi Dzung unveiled the country's preparations, highlighting mechanisms and incentives crafted to allure investment projects in the semiconductor and AI sectors. Echoing Huang's proposal following his meeting with Vietnamese Prime Minister Pham Minh Chinh on Sunday, Dzung encouraged Nvidia to consider establishing a research and development hub within Vietnam's borders.
