Nvidia Plans Base in Vietnam, Boosting Semiconductor Industry

The Vietnamese government has reported that Nvidia's CEO, Jensen Huang, expressed the company's intention to establish an operation in Vietnam with the aim of supporting the semiconductor industry's development. Nvidia holds an optimistic view of Vietnam and recognizes it as a significant market. Media reports indicate that Nvidia has made a $250 million investment in Vietnam and plans to engage in discussion regarding semiconductor cooperation agreements with Vietnamese technology companies and the government on Monday.

During his inaugural visit to the country in December 2023, Jensen emphasized that Vietnam holds a special place among the company's key markets and confirmed their plans to establish an office there.

After meeting with Vietnamese Prime Minister Pham Minh Zheng, the Vietnamese government issued a statement highlighting that the office's establishment would attract global talent and contribute to Vietnam's semiconductor ecosystem and digital development.

Vietnam currently houses several prominent chip assembly plants, including the world's largest facility operated by Intel. With the ongoing trade tensions, Vietnam is striving to expand into chip design and possibly chip manufacturing, which presents new opportunities for the country in the industry.

The White House released documents in September, during the elevation of diplomatic relations with Vietnam to a strategic partnership, revealing that Nvidia has collaborated with leading Vietnamese technology companies to deploy artificial intelligence in various sectors, including cloud computing, automotive, and healthcare.