Chip Company Nvidia Wants to Set Up a Base in Vietnam


The major American chip group Nvidia wants to set up a base in Vietnam to help develop the semiconductor industry in the Asian country. Nvidia CEO Jensen Huang said this during a visit to Vietnam and a meeting with Prime Minister Pham Minh Chinh.


Nvidia has already invested $250 million in Vietnam and wants to discuss chip partnerships with Vietnamese tech companies. Huang said Vietnam’s IT potential is very significant. With the new base, Nvidia wants to attract talent from the rest of the world to Vietnam to strengthen the chip industry. It is Huang’s first visit to Vietnam.

Several major chip companies already have assembly plants in Vietnam, including Intel and South Korea’s Amkor Technology. US President Joe Biden visited Southeast Asian countries in September to improve relations. Biden then said he wanted to help with Vietnam’s technological development.

Vietnam has about 6,000 engineers working in the chip sector but wants to increase that number to 50,000 by 2030.

The Nvidia CEO was also recently in Japan. There, Huang said that Nvidia wants to build a network of artificial intelligence chip factories to create a kind of “ecosystem” for AI in Japan.

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