US chip giant Nvidia delegation discusses AI, semiconductor cooperation with Vietnam
Executives from U.S. chip and Artificial Intelligence (AI) giant Nvidia led by vice president Keith Strier are in Vietnam to explore investment opportunities in AI and semiconductors.
The visit comes after the Vietnam trip last December by chairman and CEO Jensen Huang, who expressed interest in expanding operations in a country that is eager to develop the fledgling semiconductor industry.
Strier had a working session with Minister of Planning and Investment Nguyen Chi Dung on Monday during which the former was briefed on Vietnam’s strategy for the development of the semiconductor industry and AI; semiconductor workforce training; and initiatives for high-tech, semiconductor, and AI investments.
Nvidia vice president Keith Strier (right) meets with Minister of Planning and Investment Nguyen Chi Dung in Hanoi, April 22, 2024. Photo courtesy of Dau Tu (Investment) newspaper.
Following the meeting, the Nvidia delegation toured the National Innovation Center located in the Hoa Lac Hi-Tech Park on the outskirts of Hanoi.
During the visit, the delegation is scheduled to work with other government agencies, localities, and businesses. They will also explore investment opportunities in semiconductors and AI in Hanoi, the central city of Danang, and Ho Chi Minh City.
On the agenda, they will assess conditions to set up an AI research, development, and training center; install a supercomputer system; and shift part of Nvidia's graphics processing unit production to Vietnam.
In HCMC, they will meet with officials from the Saigon Hi-Tech Park, National University-HCMC, CMC Corporation, and city chairman Phan Van Mai to discuss semiconductor investment.
During his December visit, Jensen Huang said Nvidia planned to set up a base in Vietnam to attract talents from around the world, establish a legal entity, and make the country its “second home.”
- Related News
- Read More
Daughter of Vietnam agribusiness HAGL’s chairman registers to buy more company shares
Doan Hoang Anh, daughter of HAGL chairman Doan Nguyen Duc, has registered to purchase 1 million HAGL shares amid a 20% increase in the stock’s value over the past three months.
Companies - Thu, December 19, 2024 | 9:38 pm GMT+7
Property giant Vinhomes raises additional $157 mln in bonds
Leading housing developer Vinhomes successfully raised VND4 trillion ($157 million) in private placement bonds on Tuesday, according to the Hanoi Stock Exchange (HNX).
Companies - Thu, December 19, 2024 | 9:28 pm GMT+7
E-visas available at all Thai embassies, consulates from January 1, 2025
Intending visitors to Thailand will be able to apply online for an e-visa at Thai embassies and consulates worldwide from January 1, 2025.
Southeast Asia - Thu, December 19, 2024 | 8:04 pm GMT+7
Indonesia rolls out $51.65 bln stimulus package for 2025
The Indonesian government has unveiled a series of economic stimulus packages totaling Rp827 trillion ($51.65 billion) for 2025, designed to mitigate economic shocks and address the weakening purchasing power of low- and middle-income groups.
Southeast Asia - Thu, December 19, 2024 | 8:03 pm GMT+7
Malaysia accelerates electric vehicle growth
Malaysia’s electric vehicle (EV) industry is accelerating, with over 100,000 electrified vehicles recorded and more than 3,300 charging stations established nationwide to date, positioning the country as a key regional hub for EV innovation.
Southeast Asia - Thu, December 19, 2024 | 8:00 pm GMT+7
EV maker VinFast plans $140 mln resort project in northern Vietnam
VinFast, an electric vehicle maker under Vietnam’s private conglomerate Vingroup, seeks to build a resort-recreation-park project worth VND3.5 trillion ($137.5 million) in the northern coastal city of Hai Phong.
Real Estate - Thu, December 19, 2024 | 7:57 pm GMT+7
Chinese investment capital shifts to green energy, electronics, automobiles: official
Chinese direct investment in Vietnam has traditionally focused on the manufacturing sector and it is now transitioning toward green energy, electronics, and automobiles.
Industries - Thu, December 19, 2024 | 4:30 pm GMT+7
BP seeks to help long-delayed power plant in central Vietnam with coal-to-LNG conversion
British oil-gas giant BP seeks to help the Cong Thanh coal-fired power project in Thanh Hoa province with its transition into an LNG-fired plant, said Chris Bramley, vice president of integrated gas & power at BP.
Energy - Thu, December 19, 2024 | 3:48 pm GMT+7
Vietnam refinery operator BSR plans listing in Jan next year
Binh Son Refining and Petrochemical JSC (BSR), the operator of Vietnam’s first oil refinery Dung Quat, plans to list its shares on the Ho Chi Minh Stock Exchange (HoSE) on January 17, 2025.
Companies - Thu, December 19, 2024 | 3:23 pm GMT+7
The 'key' that helps Phu Quoc make a 'leap' to become global destination
The famtrip “Journey to Paradise Island” from December 4-6, 2024 has brought Phu Quoc to the center of attention of the tourism industry in the world.
Travel - Thu, December 19, 2024 | 2:10 pm GMT+7
Dollar index reaches 2-year high, Vietnam’s exchange rate hits new peak
The exchange rate in Vietnam made a new peak on Thursday as the State Bank of Vietnam, the country’s central bank, increased its central exchange rate by VND26, or 0.11%, to VND24,304 per USD.
Banking - Thu, December 19, 2024 | 11:59 am GMT+7
Chip giant Synopsys opens office in Hanoi, fourth in Vietnam
Synopsys, a leading chip business based in California, opened its Hanoi office on Wednesday, the fourth in Vietnam after two in Ho Chi Minh City and one in Danang city, furthering its involvement in Vietnam’s semiconductor sector.
Companies - Thu, December 19, 2024 | 11:32 am GMT+7
Eleven people die as coffee shop in Hanoi burnt
Legal proceedings have been launched against a man in Hanoi who burnt down a coffee shop with gasoline in late evening Wednesday, killing 11 people.
Society - Thu, December 19, 2024 | 8:35 am GMT+7
Vietnam to be key link in global LNG chain on rising demand: experts
Vietnam is emerging as a potential LNG importer and expected to become a key link in the global LNG chain, says Nguyen Duc Tung from the Vietnam Institute of Strategy and Policy for Industry and Trade.
Energy - Thu, December 19, 2024 | 8:16 am GMT+7
Latvian man sentenced in Vietnam for operating loan shark ring with 1,380% interest rate
Aigars Plivěs, a Latvian national, on Monday was sentenced to two years and nine months in prison for operating three companies that offered loans with high interest rates of 401-1,379.7% per year, earning illicit gains of more than VND4.15 trillion ($163 million).
Society - Wed, December 18, 2024 | 10:37 pm GMT+7
April Tea Shop to close down amid F&B sector woes
The Tiem tra thang 4 (April Tea Shop), a popular check-in and beverage destination for young people in Ho Chi Minh City, has announced it will shut down on December 25, ending a five-year journey.
Companies - Wed, December 18, 2024 | 9:56 pm GMT+7
