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Wednesday, June 19, 2024

Nvidia mulls chip manufacturing hub in Vietnam

The Saigon Times

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HCMC – Nvidia Corporation, an American chip manufacturing powerhouse, is exploring opportunities to establish a chip manufacturing hub in Vietnam.

In a recent meeting with Prime Minister Pham Minh Chinh on December 10, Jensen Huang, President and CEO of Nvidia Corporation, unveiled his vision for this future hub, emphasizing its role in nurturing startups, facilitating software design ventures, and fostering the development of cutting-edge supercomputers.

Huang underscored the favorable conditions created by the comprehensive strategic partnership between Vietnam and the U.S., which bodes well for collaboration in the fields of semiconductor technology and artificial intelligence.

He lauded Vietnam’s approach to semiconductor production and artificial intelligence, recognizing the nation as a prime investment market.

Nvidia has also invested US$250 million into its projects in Vietnam.

Starting its business in 1993 as a graphics card manufacturer for computers, Nvidia has evolved as a pioneer in accelerated computing. With a workforce of over 27,000 employees, the corporation has reported revenue of US$27 billion for fiscal 2023.

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