Skip to content

Vietnamese tech giant FPT plans $200 million AI factory with Nvidia tech

Vietnamese tech giant FPT plans $200 million AI factory with Nvidia tech
By Yagiz Efe Parmaksiz
Apr 23, 2024 11:21 PM

Vietnam’s top tech firm FPT has unveiled a $200 million artificial intelligence facility in partnership with Nvidia, aiming to establish Vietnam as a global center for artificial intelligence

A $200 million artificial intelligence facility that will utilize Nvidia’s state-of-the-art technology was unveiled by FPT, one of the top tech businesses in Vietnam, on Tuesday. Vietnam has a bold ambition to become a major participant in the semiconductor and artificial intelligence industries, and this action demonstrates that desire.

Vietnam is currently aiming for a major jump up the global supply chain, with a strategic concentration on computer chips. Vietnam is traditionally known for its skill in producing furniture, shoes, and clothing at low rates.

Using Nvidia’s cutting-edge AI chips and software, FPT hopes to create a cutting-edge AI facility in partnership with the company. The major objective of FPT, according to Chairman Truong Gia Binh, is to establish Vietnam as a global center for artificial intelligence. To that end, the firm is dedicated to digital transformation, AI, cloud computing, and education.

In Binh’s opinion, the factory will be essential to accelerating the creation of AI systems and software. With its powerful GPU chips and software, Nvidia has set the standard for performance and efficiency in the AI space, and since its introduction in 2022, its H100 product has attracted interest from all around the world.

With FPT’s partnership, Nvidia’s programs will be included in university and high school curriculum while rivals like AMD and Intel struggle to match Nvidia’s capabilities. In the next five years, at least 30,000 students are expected to participate in this effort, which seeks to develop a trained workforce in high-tech industries.

That being said, the statement omitted specifics about the factory’s location. The CEO of Nvidia, Jensen Huang, stated that the business would like to develop a semiconductor facility in Vietnam during his December visit. Huang also mentioned Nvidia’s previous investments in Vietnam, which totaled over $250 million.

Increased global supply chain disruptions and worries about Vietnam’s over-reliance on China for essential commodities coincide with the recent spike in investment in the country’s semiconductor sector. Vietnam is working to increase the number of engineers in the semiconductor industry from the present 6,000 to 50,000 by 2030. This is an attempt to firmly establish Vietnam’s place in the global tech scene.

Source: AFP

Last Updated:  Jun 3, 2024 4:44 PM