Nvidia Expands Collaboration with Vietnam, Focusing on AI Development

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Nvidia (NASDAQ:NVDA), the U.S. chipmaker, has announced plans to broaden its partnership with top tech firms in Vietnam, reinforcing the country’s efforts in developing artificial intelligence (AI) and digital infrastructure. Nvidia, which has already invested $250 million in Vietnam, has collaborated with leading tech companies in deploying AI across various sectors such as cloud computing, automotive, and healthcare, as outlined in a document published by the White House in September during the upgrade of diplomatic relations with Vietnam.

During his first visit to Vietnam, Jensen Huang, Nvidia’s CEO, expressed the company’s commitment to deepening relations with the country. Huang highlighted existing partnerships with major Vietnamese tech companies like Viettel, FPT, Vingroup, and VNG, and outlined plans to expand these collaborations. Nvidia aims to support Vietnam in AI training and infrastructure development.

Last week, it was reported that Nvidia was scheduled to discuss cooperation deals on semiconductors with Vietnamese tech companies and authorities during a meeting on Monday. This move comes at a time when Vietnam is exploring opportunities in chip design and potentially chip manufacturing, seizing the opportunities arising from trade tensions between the United States and China.

Vietnam’s Investment Minister Nguyen Chi Dzung mentioned that the country is preparing mechanisms and incentives to attract investment projects in the semiconductor and AI industries. In response to Huang’s proposal during a meeting with Vietnamese Prime Minister Pham Minh Chinh on Sunday, the investment minister encouraged Nvidia to consider establishing a research and development facility in Vietnam.

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