Jensen Huang, president and CEO of U.S. chip giant Nvidia, will discuss potential semiconductor collaboration with the Vietnamese government and companies in Hanoi on Monday, as Vietnam seeks deeper global participation in this industry.
Huang will have a meeting with Minister of Planning and Investment Nguyen Chi Dung, representatives of several ministries, according to an invitation letter sent by the Ministry of Planning and Investment to participants.
Top Vietnamese technology companies such as military-run telco Viettel, VNPT, FPT, CMC, VinAI, VinBigData, and VNG will also attend the meeting.
Discussions will touch on cooperation between Nvidia and Vietnam to “promote the semiconductor industry,” and “potential collaboration between Nvidia and Vietnamese tech companies and corporations,” the invitation letter stated.
During his working visit to the Silicon Valley in September, a week after the U.S. and Vietnam upgraded their ties to a comprehensive strategic partnership, Prime Minister Pham Minh Chinh met with Huang and proposed Nvidia set up a factory in Vietnam.
In the joint statement on the relationship upgrade, the U.S. government was committed to supporting Vietnam in developing the semiconductor industry.
During his visit to Vietnam earlier this week, president and CEO of the U.S. Semiconductor Industry Association (SIA) John Neuffer said the Southeast Asian country has become an appealing destination for U.S. investors in the semiconductor industry.
Several chip giants are present in Vietnam. Intel has invested around $1.5 billion in a chip test and assembly facility in Ho Chi Minh City. U.S.-based Amkor Technology Inc., inaugurated a factory in Vietnam’s northern province of Bac Ninh in October.
South Korea’s Hana Micron has announced plans to invest $1 billion into producing semiconductors in Vietnam by 2025. The firm inaugurated its first semiconductor plant in Bac Giang province in September.