Nvidia to expand ties with Vietnam, support AI development By Reuters

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<span>© Reuters. FILE PHOTO: A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo</span><br />
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<p>HANOI (Reuters) &#8211; U.S. chipmaker Nvidia (NASDAQ:)&#8217;s chief executive said on Monday the company will expand its partnership with Vietnam&#8217;s top tech firms and support the country in training talent for developing artificial intelligence and digital infrastructure.</p>
<p>Nvidia, which has already invested $250 million in Vietnam, has so far partnered with leading tech companies to deploy AI in the cloud, automotive and healthcare industries, a document published by the White House in September showed when Washington upgraded diplomatic relations with Vietnam.</p>
<p>&#8220;Vietnam is already our partner as we have millions of clients here,&#8221; Jensen Huang, Nvdia&#8217;s CEO said at an event in Hanoi in his first visit to the country.</p>
<p>&#8220;Vietnam and Nvidia will deepen our relations, with Viettel, FPT, Vingroup, VNG being the partners Nvidia looks to expand partnership with,&#8221; Huang said, adding Nvidia would support Vietnam&#8217;s artificial training and infrastructure. </p>
<p>Reuters reported last week Nvidia was set to discuss cooperation deals on semiconductors with Vietnamese tech companies and authorities in a meeting on Monday.</p>
<p>Huang&#8217;s visit comes at a time when Vietnam is trying to expand into chip designing and possibly chip-making as trade tensions between the United States and China create opportunities for Vietnam in the industry. </p>
<p>At Monday&#8217;s event, Vietnam&#8217;s investment minister Nguyen Chi Dzung said the country had been preparing mechanisms and incentives to attract investment projects in the semiconductor and artificial intelligence industries.</p>
<p>Dzung also asked Nvidia to considering setting up a research and development facility in the country following Huang&#8217;s proposal to set up a base in Vietnam, after his meeting with the Vietnamese Prime Minister Pham Minh Chinh on Sunday. </p>
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<br /><a href="https://www.investing.com/news/stock-market-news/nvidia-ceo-plans-to-expand-partnership-with-vietnam-support-vietnam-ai-development-3253381">Source link </a></p><p>The post <a href="https://forextraderhub.com/nvidia-to-expand-ties-with-vietnam-support-ai-development-by-reuters.html">Nvidia to expand ties with Vietnam, support AI development By Reuters</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>