Nvidia, one of many market’s main builders of synthetic intelligence (AI) chips, introduced its intentions to develop partnerships in Vietnam and arrange a base within the nation after a go to from the corporate’s CEO.
Nvidia CEO Jensen Huang stated Vietnam is already a accomplice of the corporate and is house to tens of millions of its shoppers, with Nvidia already investing $250 million in Vietnam.
“Vietnam and Nvidia will deepen our relationships, with Viettel, FPT, Vingroup, VNG being the companions Nvidia seems to be to develop partnership with.”
He additionally stated Nvidia will assist assist native AI coaching and infrastructure.
On the identical occasion, Vietnamese Minister of Planning and Funding Nguyen Chi Dzung highlighted the nation’s latest efforts to arrange incentives and schemes to draw investments within the AI and semiconductor industries.
The Vietnamese authorities additionally stated that Nvidia has plans to arrange a middle within the nation by which it could appeal to “expertise from world wide to contribute to the event of Vietnam’s semiconductor ecosystem and digitalisation.”
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This assembly comes just a few months after United States President Joe Biden made a historic go to to Vietnam, throughout which the 2 governments accomplished enterprise offers and partnerships price billions of {dollars} to advance the AI, semiconductor and cloud computing industries.
Throughout this assembly, heads of main firms within the AI growth area have been additionally in attendance, together with Nvidia, Google, Intel, Boeing, Amkor and Microsoft.
Nvidia is on the coronary heart of the U.S.’s AI manufacturing and growth business and has been affected by the sanctions the U.S. has been imposing on sure international markets within the semiconductor chip enterprise.
Nonetheless, the corporate revealed a record-breaking income report for the third quarter of $18 billion and cited generative AI as the first cause.
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