Nvidia to Expand AI Partnerships and Establish Base in Vietnam
Summary:
Nvidia, a leading AI chip maker, plans to deepen its partnerships in Vietnam and establish a local base. CEO Jensen Huang noted the company already has a strong presence in the country, with millions of clients and a previous investment of $250 million. Future collaborations will likely involve local companies such as Viettel, FPT, Vingroup, and VNG, with Nvidia promising to support AI education and infrastructure. The announcement follows U.S. President Biden's recent visit to Vietnam, during which business deals to advance the AI and semiconductor industries were concluded.
Nvidia, a prominent maker of artificial intelligence (AI) chips, has publicly stated its plans to cultivate more partnerships in Vietnam and establish a presence within the nation. Jensen Huang, the CEO of Nvidia, shared that Vietnam is not a stranger to Nvidia; they already share several clients in the millions and Nvidia's investment in Vietnam has reached $250 million to date. He suggested that the bond between Vietnam and Nvidia is set to deepen, with Viettel, FPT, Vingroup, and VNG being the main players Nvidia aims to collaborate more intensively with. Among other commitments, Huang affirmed Nvidia's readiness to assist with local AI education and infrastructure development. Meanwhile, Nguyen Chi Dzung, Vietnam's investment minister, emphasized the nation's ongoing endeavors to assemble appealing incentives to draw in AI and semiconductor industry investments. He further commented that Nvidia has plans in the pipeline to establish a center in Vietnam, aimed at garnering global talent to contribute to Vietnam's semiconductor and digital transformation. The dialogues with Nvidia came a few months following a landmark visit to Vietnam by U.S. President Joe Biden, during which the two nations penned business pacts and collaborative deals amounting to billions of dollars, laying the groundwork for advancements in AI, semiconductor and cloud computing industries. Key participants at this meeting encompassed the chief executives of leading companies active in AI development, comprising Nvidia, Google, Intel, Boeing, Amkor, and Microsoft. Nvidia, a central player in the U.S. AI manufacturing and developing sector, hasn't been spared the sanctions imposed by the U.S. on specific foreign semiconductor chip markets. Despite these challenges, the company posted a record $18 billion revenue for the third quarter, crediting generative AI as the main driver behind this achievement.
Published At
12/11/2023 11:54:55 AM
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