Nvidia announces move into Vietnam

December 11, 2023 | 16:16

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Nvidia, one of the world’s top chip manufacturers, is looking to establish a significant presence in Vietnam with a $250 million investment in the country.

The move, as outlined by Nvidia’s chairman and CEO Jensen Huang, is aimed at fostering a vibrant ecosystem for semiconductors and AI across the region.

During a meeting with Vietnamese Prime Minister Pham Minh Chinh on December 10, Huang articulated Nvidia’s vision.

"Establishing a foothold in Vietnam is crucial for fostering innovative startups and developing cutting-edge technology in supercomputing and software. We are excited to be part of Vietnam's journey towards technological advancement,” Huang said.

Huang commended Vietnam's strategic approach to such cutting-edge technologies, noting the country's strong mathematical skills and software capabilities.

"Vietnamese talent is exceptionally well-suited for the demands of the semiconductor and AI sectors," he remarked.

PM Chinh expressed his appreciation for Huang's visit, emphasising its significance in strengthening the comprehensive strategic partnership between Vietnam and the United States.

He announced the formation of a task force to expedite collaborative efforts, which he will head personally. "This partnership marks a new chapter in our relationship, with science and technology at its core," PM Chinh stated.

Highlighting Vietnam's potential in the semiconductor field, the Vietnamese PM shared ambitious targets for human resource development.

"Our goal is to train 50,000 high-quality engineers by 2030, with a focus on semiconductor design. This will significantly enhance our capabilities in this crucial sector," PM Chinh said.

"We seek Nvidia's long-term partnership in achieving our national semiconductor strategic goals, in design and production," he added.

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By Celine Luu

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