Nvidia to Expand Partnerships and Establish Base in Vietnam
Nvidia, a leading developer of AI chips, has announced plans to expand partnerships in Vietnam and establish a base in the country. Nvidia CEO Jensen Huang expressed his intention to deepen relations with Vietnamese companies such as Viettel, FPT, Vingroup, and VNG. Vietnam is already home to millions of Nvidia clients, and the company has previously invested $250 million in the country. Additionally, Nvidia aims to support local AI training and infrastructure.
Vietnam’s Efforts to Attract Investments in AI and Semiconductor Industries
During the same event, Vietnamese Minister of Planning and Investment Nguyen Chi Dzung highlighted the country’s efforts to attract investments in the AI and semiconductor industries. The Vietnamese government revealed that Nvidia plans to establish a center in Vietnam to contribute to the development of the country’s semiconductor ecosystem and digitalization.
Partnerships Between US and Vietnam in AI Development
This meeting follows United States President Joe Biden’s visit to Vietnam, during which business deals and partnerships worth billions of dollars were completed between the two countries. These collaborations aim to advance the AI, semiconductor, and cloud computing industries. Major companies in AI development, including Nvidia, Google, Intel, Boeing, Amkor, and Microsoft, were also present at the meeting.
Nvidia’s Position in the US AI Industry
Nvidia plays a significant role in the US AI manufacturing and development industry. Despite being affected by US sanctions on certain foreign markets in the semiconductor chip business, Nvidia reported record-breaking revenue of $18 billion for the third quarter. The company attributes this success primarily to generative AI.
Hot Take: Nvidia Expands Presence in Vietnam’s Growing Tech Industry
Nvidia’s decision to expand partnerships and establish a base in Vietnam reflects the country’s growing importance in the global tech industry. With millions of existing clients and significant investments, Nvidia recognizes the potential for further growth and collaboration in Vietnam. By supporting local AI training and infrastructure development, Nvidia aims to contribute to Vietnam’s digitalization efforts. The partnerships forged between US and Vietnamese companies during President Biden’s visit demonstrate the commitment to advancing industries such as AI, semiconductors, and cloud computing. As a key player in the US AI sector, Nvidia’s expansion in Vietnam solidifies its position as a leader in the global tech market.
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