Nvidia Plans Base in Vietnam to Boost Semiconductor Industry

Nvidia, the US chipmaker, expresses its intention to establish a presence in Vietnam to contribute to the development of the country's semiconductor industry, considering the Vietnamese market as crucial. Jensen Huang, Nvidia's CEO, shared this vision during his inaugural visit to the Southeast Asian nation, emphasizing that Vietnam is considered Nvidia's home. The company aims to create a center in Vietnam with a focus on attracting global talent to foster the growth of the semiconductor ecosystem and digitalization in the country.

During his meeting with Prime Minister Pham Minh Chinh, Huang conveyed Nvidia's commitment to Vietnam's development. The CEO highlighted the strategic importance of the base, which will serve as a hub for talent, contributing to Vietnam's semiconductor industry and digital transformation. Nvidia has already invested $250 million in Vietnam and is set to engage in discussions about semiconductor collaboration with Vietnamese tech companies and authorities in an upcoming meeting.

Vietnam, boasting major chip assembling facilities, including Intel's largest globally, seeks to expand its footprint into chip designing and potentially chip manufacturing. The ongoing trade tensions between the United States and China have presented opportunities for Vietnam in the semiconductor industry. Nvidia's partnership with Vietnam's leading tech firms to implement artificial intelligence in cloud computing, automotive, and healthcare has already been established. This collaboration was highlighted in a document published by the White House in September, coinciding with the upgrade of diplomatic relations between Washington and Vietnam.

By fLEXI tEAM