FPT and Nvidia to Establish $200 Million AI Factory in Vietnam
FPT, a leading Vietnamese IT company, and Nvidia, a global semiconductor chip leader, have announced a joint venture to establish a $200 million artificial intelligence (AI) factory in Vietnam.
In a statement on April 23, the companies stated that the project aims to create a comprehensive hub for AI and cloud computing in Vietnam.
FPT will invest in the factory, which will function as a “sovereign cloud,” while Nvidia will provide its latest technology, including AI enterprise software and Nvidia H100 Tensor Core GPUs.
The goal is to position Vietnam as an “AI hub of the world,” accelerating the adoption of AI applications in neighboring countries such as Japan and Korea.
Keith Strier, Nvidia’s vice president for Worldwide AI, emphasized the potential of AI to “improve lives and strengthen the economies of every nation.”
The factory will provide cloud GPU services to FPT’s corporate customers and offer end-to-end generative AI services.
Additionally, Nvidia’s programs will be integrated into the educational curriculum and activities at universities and high schools across the country, benefiting at least 30,000 students.
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In December 2023, Nvidia’s CEO announced plans to expand partnerships in Vietnam to attract local talent in the AI industry.
Before that, in September 2023, the United States and Vietnam entered into business agreements and partnerships worth billions of dollars to further AI-related cooperation, focusing on strengthening the semiconductor supply chain.
Heads of major tech companies working in the AI space were present during the meeting, including Nvidia, Microsoft, and Google.
Alexander Stefanov
Reporter at CoinsPress
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