American tech giant Intel and Vietnam’s largest listed conglomerate Vingroup signed a strategic partnership agreement on Tuesday to jointly develop advanced technologies.
The memorandum of understanding, inked in Hanoi, is for creating a wide range of advanced computing systems, including 5G enabled smart city and smart building solutions, smart manufacturing processes, cloud services and AI, as well as advanced driver assistance systems (ADAS) based on Mobileye technology.
The collaboration is part of Vingroup's continued efforts to work with top global firms that can effectively back it in manufacturing development, smart services, and electric vehicle initiatives. Intel is at the forefront of data analytics, artificial intelligence and in-vehicle computing advancements that are changing the experience and business of driving.
"The digitization of everything is contributing to the insatiable need for semiconductors, especially in the automotive sector,” said Intel CEO Pat Gelsinger.
“Intel has the depth and breadth of software, silicon and platforms, and process with at-scale manufacturing our partners need for their next-generation innovations. This collaboration with Vingroup can help deliver needed technology innovations for safer roads, more sustainable manufacturing and smarter cities," he added.
Le Thi Thu Thuy, Vice Chairwoman of Vingroup, said: "Vingroup has always been a pioneer in bringing consumers smart products and services integrated with world-class technologies, advanced features and outstanding experiences to improve their lives. We work towards realizing this vision through partnerships like this, to create a smarter and more sustainable future for everyone."
Under the deal, the duo will work to explore opportunities for 5G-enabled smart city and smart building solutions, which can be applied to Vinhomes' Smart City projects. They will also work to collaborate around creating and deploying smart factory solutions for VinES batteries manufacturing and VinFast electric vehicle production.
In addition, the pair will define and build both an optimized and scalable computing architecture for AI training and inference for Vingroup's in-vehicle and cloud applications that enables a specific in-vehicle experience for consumers and an optimized multi-cloud strategy to potentially migrate and deploy open-source in-vehicle and in-building applications.
The applications can include high-performance data management systems for ADAS and Infotainment, manufacturing and supply chain management along with enterprise solutions for Vingroup facilities.
Also under the deal, both companies will work together to define a shared vision of future in-vehicle computing platforms and build scalable in-vehicle computing platforms for ADAS based on Mobileye technology and infotainment systems that deliver in-vehicle experience for Vingroup and VinFast customers, while creating a suite of services that will differentiate them from competitors.
Conglomerate Vingroup has recently adjusted its orientation and redefined three key groups of activities, namely technology and industry, trade and services, and social enterprise.
To develop the technology and industry group, it focuses on two main strategies - building its technology ecosystem and connecting global intelligence; and cooperating with world-leading technology partners to accelerate the application of the most advanced and new technologies to its products and services.
Gelsinger last Friday said the American giant has plans to expand business and investment in Vietnam. "Vietnam is an attractive destination for foreign investors as this is a dynamic economy and a promising market," he told Prime Minister Pham Minh Chinh in their meeting in Hanoi.
Intel's expansion in Vietnam in the coming period would feature environmentally friendly, high technology and close cooperation with Vietnamese enterprises, he added.