Amid global supply chain restructuring and geopolitical tensions, what has made Vietnam a favored destination for major technology corporations recently? Diversifying supply chains to minimize risks A recent decision by Nvidia, the world’s largest chip manufacturer, to establish an Artificial Intelligence Research and Development Center and an AI Data Center in Vietnam has become a focal point since early December 2024. Vietnam is the third location where Nvidia has invested in AI R&D centers, following the United States, where Nvidia is headquartered, and Taiwan, the homeland of Nvidia’s CEO Jensen Huang. In early November 2024, several international media outlets reported that American tech billionaire Elon Musk had requested suppliers of components for Starlink satellite internet devices to shift their production from Taiwan to Vietnam. In September 2024, a senior vice president of SpaceX — a leading global company in spacecraft, satellite launch, and satellite communication services, also founded by Elon Musk — announced plans to invest US$1.5 billion in Vietnam in the near future. According to analysts, after decades of concentrating production in mainland China and Taiwan, major electronics assemblers like Foxconn, Wistron, TSMC, and United Microelectronics Corporation (UMC) are gradually expanding their operations to Southeast Asia, Japan, and even […]