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FPT to construct USD 200 million AI factory in Vietnam with Nvidia

To build high-tech human resources, FPT will integrate Nvidia's programmes into university and high school curricula as part of the partnership

To position Vietnam as a hub for semiconductors and artificial intelligence, the tech giant FPT of Vietnam announced recently that it would be constructing a USD 200 million artificial intelligence factory utilising Nvidia technology.

Vietnam, which was formerly a cheap place to produce furniture, shoes, and clothing, is now aiming to quickly move up the global supply chain and has made computer chips a key component of its development strategies. FPT said that it has forged a strategic alliance with Nvidia, involving the construction of a USD 200 million artificial intelligence factory that will leverage Nvidia’s AI processors and software.

In a statement, FPT chairman Truong Gia Binh stated, “FPT is devoted to digital transformation, AI, cloud, and education… working to accomplish its objective to convert Vietnam into an AI hub of the globe through collaboration with Nvidia in technology, business growth, and training.”

According to him, the plant will assist FPT in “accelerating the building and development of AI platforms and applications.”

With its potent GPU chips and software playing a crucial part in the development of generative AI, Nvidia’s unique contribution to the AI revolution has captured the attention of people worldwide. After the company’s successful H100 product introduction in 2022, competitors like AMD and Intel are still finding it difficult to match their power and efficiency.

To build high-tech human resources, FPT will integrate Nvidia’s programmes into university and high school curricula as part of the partnership. The goal is to reach at least 30,000 students in five years.

During a visit to Vietnam in 2023 December, Nvidia CEO Jensen Huang stated that the American chip giant intended to establish a semiconductor base in the Southeast Asian nation.

Huang added that Nvidia had made a USD 250 million investment in Vietnam. Fears over China’s strategic resource dominance over the United States and supply chain shocks throughout the world are driving investment into Vietnam’s expanding semiconductor sector.

By 2030, the nation wants to have 50,000 engineers working in the semiconductor business, up from the current level of about 6,000.

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