US chip giant aims to set up centre in Vietnam

Nvidia wishes to establish a base in Vietnam as it views the Southeast Asian nation as its home, President and CEO of the US chip giant Jensen Huang told Prime Minister Pham Minh Chinh at their meeting in Hanoi on December 10.
US chip giant aims to set up centre in Vietnam ảnh 1Prime Minister Pham Minh Chinh and President and CEO of Nvidia. (Photo: VNA)
Hanoi (VNA) – Nvidia wishes toestablish a base in Vietnam as it views the Southeast Asian nation as its home,President and CEO of the US chip giant Jensen Huang told Prime Minister PhamMinh Chinh at their meeting in Hanoi on December 10.

The base will be for attracting talents from aroundthe world to contribute to the development of Vietnam's semiconductor ecosystemand artificial intelligence (AI), and promoting startups, thus boosting the digitalisationin the country, Huang said, stressing that the group is pleased to set up thispartnership with Vietnam.

He noted that Nvidia, which has already investedabout 250 million USD in Vietnam, regards the country as an important market.

Huang held that that the good relationship betweenVietnam and the US has created favourable conditions and a foundation forcooperation in the semiconductor industry and AI.

The CEO also highly valued Vietnam's potential,great opportunities, and clear strategy, vision and approach, as well as itsfocus on infrastructure investment in semiconductors and AI, and humanresources in the spheres.
US chip giant aims to set up centre in Vietnam ảnh 2At the meeting between Prime Minister Pham Minh Chinh and President and CEO of Nvidia. (Photo: VNA)
Vietnam is at an important moment in itsdevelopment process, he said, adding once it succeeds on semiconductors and AI,the country will be successful in the most crucial stages and areas of industryand technology.

Vietnamese people are excellent at math, and the countryhas software capabilities and a very good position to develop semiconductorsand AI, he continued.

PM Chinh emphasised that in their newly-established comprehensivestrategic partnership, Vietnam and the US have agreed to make science-technologyand innovation a new and significant pillar.

Therefore, priorities should be given to some areas of Vietnam’s focus, especially semiconductors, the leader said, briefingthe guest on the country’s personnel in the industry with some 6,000 engineers,  the number of high-quality engineers expected to increase to 50,000 by2030, prioritising circuit design engineer training.

The PM asked Nvidia to set out a strategic vision in cooperating and accompanying with Vietnam in building andimplementing its national semiconductor strategy and developing thesemiconductor ecosystem in all the three stages of chip factory design andconstruction, packaging, and testing.

He also suggested the group to concentrate on cooperationin infrastructure, building training facilities, and research and development, anddesign centres, developing semiconductor chip and AI products, building bigdata centres, along with high performance computing and semiconductor engineertraining in Vietnam.

Chinh thanked the Nvidia official for his assessmentsand strong commitments, saying Vietnam will establish a working group to put inplace and push ahead with cooperation agreements and contents between the twosides, which will be headed by the PM himself.

During his trip to the US in September, the PMvisited the Nvidia headquarters and invited Huang to visit Vietnam as soon aspossible./.
VNA

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