According to news on December 11, the Vietnamese government quoted Nvidia CEO as saying that the company hopes to set up a base in Vietnam to help the development of the semiconductor industry. NVIDIA is optimistic about Vietnam and considers it an important market. When Nvidia CEO Jensen Huang visited the country for the first time, he said that the company regarded Vietnam as one of its home markets and confirmed its plan to establish a base in the country.
After Huang Renxun met with Vietnamese Prime Minister Pham Minh Zheng, the Vietnamese government issued a statement saying: "This base will attract global talents and contribute to Vietnam's semiconductor ecosystem and digital development."
Media reports said that Nvidia has invested US$250 million in Vietnam and will discuss a semiconductor cooperation agreement with Vietnamese technology companies and the government on Monday.
Vietnam is home to some large chip assembly plants, including Intel's, the world's largest. Vietnam is trying to expand into chip design and possibly chip manufacturing as international trade tensions create opportunities for the country in the industry.
Documents released by the White House in September as it upgraded diplomatic relations with Vietnam showed that Nvidia has partnered with Vietnam's leading technology companies to deploy artificial intelligence in cloud computing, automobiles and health care. (little)