Nvidia confirmed intentions to deepen collaboration with high-tech companies in Vietnam, with a focus on fostering local expertise in artificial intelligence (AI) and digital infrastructure development. The US firm also revealed plans to establish a chip center in Vietnam.
Nvidia, having already committed USD 250 million in investments in Vietnam, has collaborated with prominent local technology firms to implement AI solutions in cloud computing, automotive, and healthcare sectors. This information was disclosed by the White House in September 2023, coinciding with the enhancement of diplomatic relations between the US and Vietnam.
During a meeting with Vietnamese officials, Nvidia highlighted intention to deepen the relations and manufacturing in the country, with Viettel, FPT, Vingroup, and VNG being the primary partners Nvidia looks to expand partnerships with.
Vietnam is already a crucial hub for global chip manufacturers, particularly in integrated circuits (IC) packaging. For instance, Intel claims to host the world’s largest IC packaging and testing facility in Vietnam. The company highlighted that Vietnam will continue to be an integral component of its global manufacturing operations, especially as the demand for semiconductors continues to rise.
There has been a larger trend of chip manufacturers establishing or enlarging their production facilities in Vietnam. In October 2023, OSAT provider Amkor initiated operations at its newly established USD 1.6 billion IC packaging plant located in Yen Phong 2C Industrial Park, Bac Ninh Province, Vietnam. A month earlier, Hana Micron, Samsung’s OSAT partner, announced the opening of its USD 600 million IC packaging plant in Bac Giang Province.
(Sources: VOA, TrendForce)