Nvidia aims to set up a base in Vietnam
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Nvidia wishes to establish a base in Vietnam to develop the country’s semiconductor industry as it considers the Vietnamese market an important one, the Vietnamese government said, citing the U.S. chipmaker’s chief executive.
In his first visit to the Southeast Asian country, Nvidia’s CEO, Jensen Huang, said the company viewed Vietnam as its home and affirmed its plans to set up a center in the country.
“The base will be for attracting talent from around the world to contribute to the development of Vietnam’s semiconductor ecosystem and digitalization,” the Vietnamese government statement cited Huang after his meeting with Prime Minister Pham Minh Chinh.
Nvidia, which has already invested $250 million in Vietnam, is set to discuss cooperation deals on semiconductors with Vietnamese tech companies and authorities in a meeting on Monday, Reuters reported on Friday.
Vietnam, which is home to large chip assembling factories including Intel’s biggest globally, is trying to expand into chip designing and possibly chip-making.
The chipmaker has already partnered with Vietnam’s leading tech companies to deploy AI in the cloud, automotive and healthcare industries, a document published by the White House in September showed when Washington upgraded diplomatic relations with Vietnam.
Questions & Answers
Q.What is the primary purpose of Nvidia’s planned base in Vietnam?
What is the primary purpose of Nvidia’s planned base in Vietnam?
The base is intended to attract global talent to help develop Vietnam’s semiconductor ecosystem and advance its digitalisation. Nvidia views Vietnam as a crucial market for its operations and future plans, as stated by its CEO.
Q.Has Nvidia invested in Vietnam previously, or are these new plans their first involvement?
Has Nvidia invested in Vietnam previously, or are these new plans their first involvement?
Nvidia has already invested $250 million in Vietnam, indicating existing involvement before these new plans. They have also partnered with local tech companies to deploy AI in various sectors, including cloud, automotive, and healthcare.
Q.What specific areas of the semiconductor industry is Vietnam trying to expand into?
What specific areas of the semiconductor industry is Vietnam trying to expand into?
Vietnam is currently home to large chip assembling factories, including Intel's biggest globally. However, it is actively trying to expand its capabilities into chip designing and potentially chip-making, moving beyond just assembly.
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