Nvidia to strengthen ties with Vietnam and boost AI development

Nvidia to strengthen ties with Vietnam and boost AI development
Nvidia to strengthen ties with Vietnam and boost AI development

Nvidia seeks to strengthen its ties with Vietnam’s best technology enterprises and assist the country in developing talent for AI and digital infrastructure.

Nvidia (NVDA.O) CEO Jensen Huang said on Monday that the business will expand its relationship with Vietnam’s leading technology firms and help the country train talent for creating artificial intelligence and digital infrastructure.

Nvidia, which has already spent $250 million in Vietnam, has so far cooperated with prominent tech companies to apply AI in the cloud, automotive, and healthcare industries, according to a White House memo published in September when Washington restored diplomatic relations with Vietnam.

“Vietnam is already our partner because we have millions of clients here,” Jensen Huang, Nvidia’s CEO, said during his first visit to the country.

“Vietnam and Nvidia will deepen our relations, with Viettel, FPT, Vingroup, and VNG being the partners Nvidia looks to expand partnerships with,” Huang said, adding that Nvidia would promote Vietnam’s artificial training and infrastructure.

Nvidia was expected to meet with Vietnamese tech businesses and regulators on Monday to discuss semiconductor collaboration possibilities.

Huang’s visit comes at a time when Vietnam is attempting to expand into chip design and maybe chip manufacturing as trade tensions between the US and China generate opportunities in the industry for Vietnam.

Nguyen Chi Dzung, Vietnam’s investment minister, said on Monday that the country was preparing structures and incentives to encourage investment projects in the semiconductor and artificial intelligence industries.

Dzung also requested that Nvidia explore establishing a research and development facility in the country in response to Huang’s suggestion to establish a base in Vietnam following his meeting with Vietnamese Prime Minister Pham Minh Chinh on Sunday.

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