Cooperation with US chipmaker NVIDIA to promote Vietnam’s AI industry: expert

A recent cooperative agreement between the Vietnamese government and U.S. chip giant NVIDIA will open opportunities aligned with the development of the artificial intelligence (AI) industry in Vietnam, according to Vo Xuan Hoai, deputy director of the Vietnam National Innovation Center.

Vietnam is the third market where NVIDIA has established such a center, following the United States, where the company is headquartered, and Taiwan, the birthplace of NVIDIA’s founder and CEO, Jensen Huang, an expert noted.

Hoai added that the center will be built upon VinBrain, a Hanoi-based AI startup recently acquired by NVIDIA from Vingroup, Vietnam’s largest private conglomerate.

He added that this demonstrates NVIDIA’s confidence in the success of investment in the AI industry in Vietnam.

Hoai said NVIDIA highly appreciates the support from the Vietnamese government and the prime minister, and the deal is the latest reflection of this trust.

Before deciding to establish the center in Vietnam, NVIDIA, the world’s largest semiconductor chip designing and manufacturing group, had already shifted part of its billion-dollar production value chain to the Southeast Asian country.

Hoai underscored that the partnership is targeting the highest tier of NVIDIA’s supply chain by establishing the center as a cornerstone of the AI ecosystem.

He expressed confidence that the center will act as a magnet, attracting enterprises involved in related equipment and investment opportunities. This, he said, will add significant value to the country and drive the growth of Vietnam’s AI industry.

NVIDIA has a market capitalization of about $3,600 billion, the largest in the world, and employs 27,000 engineers and staff.

The future AI research and development center in Vietnam is forecast to initially have 100 engineers and staff, and the figure is estimated to reach 1,000 over five years.

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