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Saturday, May 18, 2024

FPT’s growth plan prioritizes AI, automotive

The Saigon Times

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HCMC – FPT Corporation has unveiled a strategic plan for the 2024-2026 period, with a focus on key emerging technologies such as artificial intelligence (AI) and automotive.

The plan, presented at the company’s annual general meeting this week, sets forth a vision to transform FPT into a “Digital Conglomerate 5.0” (DC5), driving innovation and sustainable growth across various industries.

FPT aims to achieve 17.5% and 18.2% growth in revenue and profit before tax in 2024,  respectively.

AI, automotive, chipsets, and cloud computing are identified as key areas for investment and growth. The business aims to achieve 50% annual growth in its automotive software business, reaching US$1 billion in revenue by 2030.

FPT will continue seeking opportunities to collaborate and supply chips to global customers, while strengthening training in the semiconductor industry.

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