Nvidia CEO eyes chip manufacturing base in Vietnam (NASDAQ:NVDA)
BING-JHEN HONG/iStock Editorial by means of Getty Photographs
Chip producer Nvidia (NASDAQ:NVDA) needs to arrange a manufacturing base in Vietnam, its CEO Jensen Huang mentioned throughout a consult with to the rustic, and plans to deepen its partnerships with native tech corporations and fortify AI development thru coaching skill.
Huang met Vietnamese High Minister Pham Minh Chinh in Hanoi on Sunday, a gathering that the chief mentioned would lend a hand in “concretizing the agreements reached throughout President Joe Biden’s consult with to Vietnam closing September.”
Huang famous that Nvidia (NVDA) has invested round $250M in Vietnam, and can proceed to fortify the rustic in growing a semiconductor and AI ecosystem.
Nguyen Chi Dzung, Vietnam’s funding minister, mentioned the country has been getting ready incentives to draw semiconductor and AI initiatives. Dzung additionally asked that Nvidia (NVDA) imagine organising a analysis and construction heart in Vietnam.
The Biden management in September deepened ties with Vietnam throughout sectors together with generation, semiconductors and tourism. Nvidia (NVDA) had partnered with Vietnamese corporations FPT, Viettel, and VinGroup to convey AI to the cloud, car, and healthcare industries.
