PM urges Nvidia to set up Vietnam factory

By Hoang Thuy   September 19, 2023 | 05:51 pm PT
PM urges Nvidia to set up Vietnam factory
Prime Minister Pham Minh Chinh (R) shakes hand with Nvidia chairman Jensen Huang during a working trip in the U.S, Sept. 18, 2023. Photo by VGP/Nhat Bac
Vietnam Prime Minister Pham Minh Chinh has urged U.S. chip giant Nvidia to invest in Vietnam and make the country its manufacturing hub in Southeast Asia.

Chinh made the request on Monday during a working trip to Silicon Valley as he met with Nvidia chairman Jensen Huang.

The PM and Huang discussed global AI development trends and the potential for cooperation between the company and Vietnam, where the government is prioritizing the development of semiconductor manufacturing.

Chinh urged Nvidia, a company famous for making computer graphic processing units, to increase its partnership with Vietnam in terms of policy consulting, human resources training and helping to increase the country’s ability to enter deeper into the supply chain.

Huang said that Nvidia expects to increase partnerships with Vietnam in the fields of semiconductors, information technology and AI.

He added that he hoped that Vietnam would become a manufacturing hub for the company in Southeast Asia.

Nvidia has over 26,000 employees globally and recently recorded a revenue of around $27 billion a year. It has also recently tripled its plan for AI chip production in 2024.

Nvidia is a supplier of servers and equipment for Vietnamese companies, and has signed a partnership with telecom giant Viettel.

The Vietnam Academy of Science and Technology is also developing a supercomputer using Nvidia’s A100 chip to support the latest AI solutions. The two parties are set to sign a memorandum next month.

go to top