Nvidia, one of the market’s foremost developers of artificial intelligence (AI) chips, declared its intent to establish a base in Vietnam and expand partnerships there to attract local talent in the AI industry.
According to Nvidia CEO Jensen Huang, Vietnam is already a corporate partner and is home to millions of its clients; the company has invested $250 million in Vietnam.
“Vietnam and Nvidia will deepen our relations, with Viettel, FPT, Vingroup, VNG being the partners Nvidia looks to expand partnership with.”
In addition, he stated that Nvidia will assist in developing AI infrastructure and training in the region.
Minister of Planning and Investment Nguyen Chi Dzung of Vietnam emphasized the nation’s recent endeavors to establish schemes and incentives to entice semiconductor and artificial intelligence investments during the same event.
Additionally, the Vietnamese government stated that Nvidia intends to establish a center in the country to “attract international talent to contribute to the development of Vietnam’s semiconductor ecosystem and digitalization.”
A few months after the historic visit of United States President Joe Biden to Vietnam, during which the two governments finalized billions of dollars worth of business agreements and partnerships to advance the AI, semiconductor, and cloud computing industries, this meeting takes place.
In addition to Nvidia, Google, Intel, Boeing, Amkor, and Microsoft, the leaders of several other significant companies in the AI development industry were present at this meeting.
The United States’ sanctions on specific foreign markets in the semiconductor chip industry have impacted Nvidia. This company is central to the U.S.’s AI manufacturing and development sector.
However, despite this, the organization disclosed an unprecedented revenue of $18 billion for the third quarter, attributing it primarily to generative AI.
