Nvidia CEO Jensen Huang Strengthens AI Ties in Southeast Asia, Focusing on Sovereign AI

Nvidia CEO Jensen Huang strengthens AI ties in Thailand and Vietnam amid sovereign AI push

Nvidia CEO Jensen Huang recently visited Thailand and Vietnam, continuing his commitment to the region. His visits to Southeast Asia are notable follow-ups from his 2023 trip, indicating significant progress in fulfilling Nvidia's promises to local governments and partners. Nvidia summed up Huang's visit with the statement, "Thailand and Vietnam embrace Sovereign AI to drive economic growth," highlighting the global trend of governments recognizing the need to control computing power and AI technology. While Nvidia is crucial in providing AI infrastructure, local participation remains key. In Bangkok, Thailand, Huang met with Prime Minister Paetongtarn Shinawatra and attended the Thailand AI Vision event held by AI startup SIAM.AI, Nvidia's first cloud partner in the country. The company's CEO, Ratanaphon Wongnapachant, is the nephew of former Prime Minister Thaksin Shinawatra and the current PM's father, underscoring close business-political ties. Huang emphasized that Thai data belongs to its people and endorsed an Nvidia DGX H200 system. In Hanoi, Vietnam, Nvidia has made significant strides by announcing plans to launch an AI research and development center, marking Vietnam as a pivotal partner, dubbed Nvidia's "second home" by Vietnamese Prime Minister Pham Minh Chinh. The launch reflects a commitment made a year earlier and was formally recognized during a ceremony attended by Pham and the Minister of Planning and Investment, Nguyen Chi Dung. Collaborations with key local groups, including Viettel, a military-owned telecommunications firm, bolster Nvidia's presence in Vietnam. Viettel has long been a customer of Nvidia's tech and is set to engage deeply with the AI center as part of an existing memorandum of understanding focused on AI research and application. Another prominent partnership involves the telecommunications giant FPT, which will receive 127 Nvidia HGX H100 server units, as reported by the Business Times. Beyond telecoms, Nvidia has expanded its influence by acquiring VinBrain, a Vietnamese AI startup specializing in healthcare innovations through AI and IoT. VinBrain, under the umbrella of Vingroup, Vietnam's largest conglomerate, exemplifies Nvidia's strategic investments in the region. Vingroup has invested over US$126 million in VinBrain, highlighting its robust 49.7% ownership stake as of late September. These developments emphasize Nvidia's growing footprint and commitment to AI advancements in Vietnam. In December 2023, Huang embarked on a tour of Japan, Singapore, Malaysia, and Vietnam, laying the groundwork for future collaborations. A year later, these initial commitments are bearing fruit, particularly with YTL Power's partnership with Nvidia on a data center project in Johor, Malaysia. Although Huang did not revisit Malaysia, the data center's development is progressing, with a focus on sovereign AI, and has attracted the attention of Malaysian Prime Minister Anwar Ibrahim. YTL Power's managing director, Yeoh Seok Hong, disclosed that there are potential buyers for the data center's services. The Star reported that the facility is projected to reach a capacity of MW by the second quarter of 2025. Southeast Asian leaders have expressed enthusiasm over Huang's original visit, eager to utilize Nvidia's AI expertise to bolster their technological infrastructure and maintain competitiveness in the AI field.

Nvidia to Open Vietnam AI Center in Southeast Asia Push

(Bloomberg) -- Nvidia Corp.'s founder and Chief Executive Officer Jensen Huang agreed to open an artificial intelligence research and development center in Vietnam as the company steps up its presence in Southeast Asia. The project, along with a Viettel Group data center that uses Nvidia technology, will help develop advanced AI in the country, Vietnam's Investment Minister Nguyen Chi Dung said at a signing ceremony in Hanoi on Thursday. Vietnamese Prime Minister Pham Minh Chinh was also in attendance. "Nvidia will advance Vietnam's AI by building AI infrastructure, growing the number of AI experts in Vietnam and supporting AI startups," Huang said at a briefing with Dung. Nvidia will also acquire Vingroup JSC's AI unit VinBrain, which is "the starting point of a major future design center," Huang said. VinBrain is a startup whose focus includes applying AI to the medical field, according to its website. Huang did not give a valuation for the VinBrain acquisition. Vingroup representatives were not immediately available for comment outside normal business hours. "Today is the birthday of Nvidia Vietnam." Huang added. Before coming to Hanoi, Huang met with Thailand's Prime Minister Paetongtarn Shinawatra on Tuesday and agreed to strengthen cooperation with the country, including help in developing the country's AI infrastructure. The Nvidia chief executive officer's regional tour comes as Southeast Asian countries compete for big tech investments to become data center and AI hubs. Damac Group, backed by billionaire developer Hussain Sajwani, plans to invest about $3 billion to build data centers in Malaysia, Indonesia and Thailand over the next three to five years. "Nvidia's support in the AI field will help Vietnam not only achieve its development goals in high-tech industry in general and AI field in particular, but also contribute to boosting the entire Southeast Asia region to become a destination of innovation," Dung said. Last year, Huang told Chinh that Nvidia was eyeing a semiconductor center in Vietnam after investing about $250 million in the nation. In April, the Vietnamese government said Nvidia was reviewing three Vietnam cities -- Ho Chi Minh City, Danang and Hanoi -- for an AI center. Vietnam is targeting annual revenue of more than $100 billion from the semiconductor industry by 2050. The government aims to set up three big data centers and three AI centers by 2030, according to a national strategy released in 2021. "A country's data should be considered its natural and national resource," Huang said. "Vietnam should process your own data and transform it into Vietnam AI for your industry and society."

Thailand and Vietnam Embrace Sovereign AI to Drive Economic Growth

The prime ministers of Thailand and Vietnam this week met with NVIDIA founder and CEO Jensen Huang to discuss initiatives that will accelerate AI innovation in their countries. During his visit to the region, Huang also joined Bangkok-based cloud infrastructure company SIAM.AI Cloud onstage for a fireside chat on sovereign AI. In Vietnam, he announced NVIDIA's collaboration with the country's government on an AI research and development center -- and NVIDIA's acquisition of VinBrain, a health technology startup funded by Vingroup, one of Vietnam's largest public companies. These events capped a year of global investments in sovereign AI, the ability for countries to develop and harness AI using domestic computing infrastructure, data and workforces. AI will contribute nearly $20 trillion to the global economy through the end of the decade, according to IDC. Canada, Denmark and Indonesia are among the countries that have announced initiatives to develop sovereign AI infrastructure powered by NVIDIA technology. And at the recent NVIDIA AI Summits in India and Japan, leading enterprises, infrastructure providers and startups in both countries announced sovereign AI projects in sectors including finance, healthcare and manufacturing. Supporting Sovereign Cloud Infrastructure in Thailand Huang's Southeast Asia visit kicked off with a meeting with Thailand Prime Minister Paetongtarn Shinawatra, where he discussed the opportunities for sovereign AI development in Thailand and shared memories of his childhood years spent in Bangkok. The pair discussed how further investing in AI education and training can help Thailand drive AI innovations in fields such as weather prediction, climate simulation and healthcare. NVIDIA is working with dozens of local universities and startups to support AI advancement in the country. Huang later took the stage at an "AI Vision for Thailand" event hosted by SIAM.AI Cloud, a cloud platform company that offers customers access to virtual servers featuring NVIDIA Tensor Core GPUs. "The most important part of artificial intelligence is the data. And the data of Thailand belongs to the Thai people," Huang said in a fireside chat with Ratanaphon Wongnapachant, CEO of SIAM.AI Cloud. Highlighting the importance of sovereign AI development, Huang said, "The digital data of Thailand encodes the knowledge, the history, the culture, the common sense of your people. It should be harvested by your people." Following the conversation, Wongnapachant gifted Huang a custom leather jacket lined with Thai silk. The pair also signed an NVIDIA DGX H200 system in recognition of SIAM.AI Cloud's plans to expand its offerings to NVIDIA H200 Tensor Core GPUs and NVIDIA GB200 Grace Blackwell Superchips. Advancing AI From Research to Industry in Vietnam In Hanoi the next day, Huang met with Vietnam's Prime Minister Pham Minh Chinh, and NVIDIA signed an agreement to build the company's first research and development center in the country. The center will focus on software development and collaborate with Vietnam's enterprises, startups, government agencies and universities to accelerate AI adoption in the country. The announcement builds on NVIDIA's existing work with 65 universities in Vietnam and more than 100 of the country's AI startups through NVIDIA Inception, a global program designed to help startups evolve faster. NVIDIA has acquired Inception member VinBrain, a Hanoi-based company that applies AI diagnostics to multimodal health data. While in Vietnam, Huang also received the 2024 VinFuture Prize alongside AI pioneers Yoshua Bengio, Geoffrey Hinton, Yann Le Cun and Fei-Fei Li for their "transformational contributions to the advancement of deep learning." Broadcast live nationally in the country, the awards ceremony was hosted by the VinFuture Foundation, a nonprofit that recognizes innovations in science and technology with significant societal impact. "Our award today is recognition by the VinFuture committee of the transformative power of AI to revolutionize every field of science and every industry," Huang said in his acceptance speech. Learn more about sovereign AI.

Nvidia expands AI development in Vietnam with new agreement By Investing.com

In a significant move to advance artificial intelligence (AI) capabilities, Nvidia Corp . (NASDAQ:NVDA) has entered into a cooperation agreement with the Vietnamese government. The deal, signed in Hanoi on Thursday, was witnessed by Nvidia CEO Jensen Huang and Vietnamese Prime Minister Pham Minh Chinh. While the specifics of the agreement remain undisclosed, it marks a milestone in the collaboration between the technology giant and the Southeast Asian nation. Jensen Huang's visit to Hanoi comes after his announcement last year expressing Nvidia's interest in strengthening partnerships with Vietnam's leading tech firms and enhancing the country's AI and digital infrastructure talent pool. In line with these ambitions, Vietnamese technology company FPT disclosed plans in April to establish a $200 million AI factory leveraging Nvidia's graphics chips and software. The new agreement also includes the establishment of an AI research and development center in Vietnam, further cementing Nvidia's commitment to the region. Investment Minister Nguyen Chi Dung, present at the signing ceremony, emphasized the importance of a nation's data as a natural and national resource, echoing Huang's sentiments on the potential of AI to transform industries and society. Prior to the Hanoi agreement, Huang met with Thailand's Prime Minister Paetongtarn Shinawatra on Tuesday to discuss bolstering AI infrastructure development in Thailand, highlighting Nvidia's regional engagement.

Nvidia signs deal to establish AI center in Vietnam

US chip giant Nvidia signed a deal Thursday to establish an AI center in Vietnam. Jensen Huang, chairman and CEO of the Silicon Valley chip titan, met with Vietnamese Prime Minister Pham Minh Chinh during a visit to Hanoi, where the two agreed to open an artificial intelligence research and development center. "The data of Vietnam is a national and its natural resource. The AI of Vietnam should be processed here, built here, operated here, for the people and industry of Vietnam," Huang said. Huang said Nvidia was helping Vietnam build its "first AI cloud", as well as advancing robotics and AI-powered smart cities in the country. Huang's Vietnam visit comes after a trip to Bangok where he said he would support AI development in Thailand and signed a partnership with Thai tech company SIAM.AI to build the country's first "sovereign cloud". Nvidia has already invested over $250 million in Vietnam, according to Huang, and the US chip designer is working with some of Vietnam's top tech firms to deploy AI in the cloud, automotive and health care industries. Huang also announced that Nvidia had acquired Vinbrain, an AI startup under Vingroup, one of Vietnam's largest technology and property conglomerates. During a previous visit, Huang had said he wanted to set up a base in the country. Global supply chain shocks and fears about the US reliance on China for strategic resources are boosting investment in Vietnam's growing semiconductor industry. Across the region, governments are vying for US tech dollars, with Vietnam making a drive to move up the value chain from a hub for producing shoes, clothes and furniture.

Nvidia Agrees to Open Vietnam AI Center in Southeast Asia Push

Nvidia Corp.'s founder and Chief Executive Officer Jensen Huang signed a deal to open an artificial intelligence research and development center in Vietnam as the company steps up its presence in Southeast Asia. The project, along with a Viettel Group data center that uses Nvidia technology, will help develop advanced AI in the country, Vietnam's Investment Minister Nguyen Chi Dung said at a signing ceremony in Hanoi on Thursday. Vietnamese Prime Minister Pham Minh Chinh was also in attendance.

Jensen Huang hails 'birthday' of Nvidia Vietnam as AI development milestone - VnExpress International

Nvidia's entry into Vietnam will provide a fillip to AI development in the country and turn it into an advanced technology hub, the U.S. chip behemoth's chief has said. "Today is the birthday of Nvidia Vietnam," Jensen Huang, its founder and CEO, said as he and Prime Minister Pham Minh Chinh witnessed an agreement between the company and the Vietnamese government Thursday. "Nvidia will advance Vietnam's AI by building AI infrastructure, growing the number of AI experts in Vietnam and supporting AI startups." The company will set up AI research and development and data centers in the country. Huang said Chinh's visit in September last year to the company's headquarters in the U.S. was part of a long process to build a partnership between Nvidia and Vietnam. "He passionately convinced me that Vietnam should be Nvidia's second home, and the people of Vietnam and the opportunities here are ideal for investment." Now is the "perfect" time for Vietnam to build its future with AI as the global tech industry is being "reset" with the development of AI, he said. AI learns from existing databases, and Vietnam needs to consider data its national resource, he said. "Vietnam's AI should be processed, built and operated in Vietnam for the people and industry of Vietnam." To foster the AI industry, he outlined a three-part plan: building AI infrastructure, developing talent and supporting the startup ecosystem. Many local software engineers with strengths in STEM (science, technology, engineering, and mathematics) could benefit from specialized training at Nvidia's R&D center, he said. "I believe that, one day, when people talk about Vietnam, alongside its culture, people, food, and agriculture, they will also talk about a country that is advanced in technology." Chinh said Vietnam and Nvidia's collaboration, developed in just over a year, is a key milestone that demonstrates Huang's strong determination and commitment to make Vietnam Nvidia's "second home." Minister of Planning and Investment Nguyen Chi Dung called the signing a "historic turning point for Vietnam," marking Nvidia's new direction and which would turn the country into a leading AI research and development hub in Asia. "The centers will not only play a key role in supporting AI research and application initiatives, promoting innovation and startups, but also create jobs."

Nvidia to Open Research and Development Center in Vietnam to Boost AI Development

Nvidia collaborates with over 100 local AI startups and 65 universities in Vietnam. Nvidia, on Thursday, announced that it is opening its first Research and Development (R&D) center in Vietnam, reinforcing its commitment to the "country's bright artificial intelligence (AI) future." The center, developed in collaboration with the Vietnamese government, will focus on AI software development, tapping into Vietnam's robust STEM talent pool. Also Read: Nvidia Partners with US Tech Companies to Accelerate Custom AI Applications Nvidia will also use the Center to engage industry leaders, startups, government agencies, universities and students to accelerate the adoption of AI. Researchers and startups will be able to use this infrastructure to develop AI applications for key industries such as healthcare, education, transportation and finance. "We are delighted to open Nvidia's R&D center to accelerate Vietnam's AI journey," said Jensen Huang, founder and CEO of Nvidia. "With our expertise in AI development, we will partner with a vibrant ecosystem of researchers, startups and enterprise organisations to build incredible AI right here in Vietnam." Vietnam has rapidly become a manufacturing hub, and its AI market has been expanding in recent years. Nvidia noted that since 2021, Vietnam has promoted AI development as part of its digital transformation strategy with the goal of fostering innovation, building a robust AI ecosystem and positioning the country as a regional leader in R&D. Also Read: Indosat, GoTo Launch Sahabat-AI Open Source LLM in Indonesia "With this strategic partnership, the Vietnamese government and Nvidia are committed to jointly promoting the strong development of AI technology in Vietnam and creating a bright future for the innovation ecosystem and high-tech industry in Southeast Asia," said Prime Minister of Vietnam Pham Minh Chinh. Nvidia said it has been investing in Vietnam's technology ecosystem for the last eight years, partnering with over 100 local AI startups and 65 universities, and collaborating with FPT Smart Cloud as its first Vietnamese cloud partner.

Nvidia signs AI cooperation agreement with Vietnamese government

HANOI, Dec 5 (Reuters) - Nvidia (NVDA.O), opens new tab and the Vietnamese government signed an agreement on Thursday to boost artificial intelligence development in the Southeast Asian country. The agreement was signed in Hanoi in the presence of Nvidia CEO Jensen Huang and Vietnamese Prime Minister Pham Minh Chinh. Reporting by Khanh Vu; Editing by Susan Fenton Our Standards: The Thomson Reuters Trust Principles., opens new tab Suggested Topics:TechnologyTechnology

Nvidia Partners With Vietnam Government To Develop Advanced AI And More - NVIDIA (NASDAQ:NVDA)

Nvidia agreed to snap Vingroup JSC's AI unit VinBrain, which is a healthcare startup. On Thursday, Nvidia Corp NVDA founder and chief Jensen Huang agreed to jointly open an artificial intelligence research and development center with the Vietnamese government under a new deal. Nvidia client Viettel Group data center will also join the initiative to develop advanced AI in the country, Bloomberg cites Vietnam's Investment Minister Nguyen Chi Dung in Hanoi on Thursday. Nvidia agreed to snap Vingroup JSC's AI unit VinBrain, which Huang considers the starting point of a major future design center. VinBrain is a healthcare startup. Also Read: Signet Jewelers Stock Tanks After Dismal Q3 Print, Guidance Cut Separately, Huang met with Thailand's Prime Minister Paetongtarn Shinawatra on Tuesday and agreed to help develop the country's AI infrastructure, reflecting Southeast Asia's AI push as countries focus on consolidating their semiconductor supply chain to reduce dependence on China. According to Bloomberg, Vietnam is eying an annual revenue of over $100 billion from the semiconductor industry by 2050. The government targets three big data centers and three AI centers by 2030. During Huang's first visit to Vietnam in 2023, he expressed his desire to collaborate with top tech firms there. The chip designer had committed $250 million in the country via partnership with leading tech companies to deploy AI in the cloud, automotive, and healthcare industries. Vietnam allows foreign investors to own 100% of its data centers to attract companies like Amazon.Com Inc AMZN and Amazon Web Services. Reportedly, Apple Inc AAPL supplier Hon Hai Precision Industry Co, better known as Foxconn, committed $80 million to the country for a chip plant after bagging approval to invest $383 million in another chip facility in Vietnam. Nvidia stock gained over 200% year-to-date. JPMorgan analyst Harlan Sur, Oppenheimer analyst Rick Schafer, Goldman Sachs analyst Toshiya Hari, Piper Sandler analyst Harsh Kumar, Needham analyst Quinn Bolton, and Benchmark analyst Cody Acree flagged Nvidia as the ideal AI play backed by full-stack AI hardware/software, high-performance gaming, datacenter/AI and autonomous driving vehicles, demand for AI infrastructure across all customer groups, Blackwell ramping. Price Action: NVDA stock is up 0.31% at $145.60 at last check on Thursday. Also Read: Science Applications Approves $1.2 Billion Stock Buyback, Raises Annual Outlook After Q3 Beat Photo via Shutterstock Market News and Data brought to you by Benzinga APIs

NVIDIA to Open Vietnam R&D Center to Bolster AI Development By Investing.com

SANTA CLARA, Calif., Dec. 05, 2024 (GLOBE NEWSWIRE) -- NVIDIA announced today it is opening its first Vietnam research and development center, signaling its confidence in the country's bright artificial intelligence future. The company is collaborating with the Vietnamese government to establish its new Vietnam Research and Development Center focused on AI. NVIDIA will use the R&D center to focus on software development, capitalizing on the country's strong talent pool of STEM engineers, and to engage industry leaders, startups, government agencies, universities and students to accelerate the adoption of AI. We are delighted to open NVIDIA's R&D center to accelerate Vietnam's AI journey, said Jensen Huang, founder and CEO of NVIDIA. With our expertise in AI development, we will partner with a vibrant ecosystem of researchers, startups and enterprise organizations to build incredible AI right here in Vietnam. The Vietnam R&D Center will develop valuable platforms for NVIDIA and partners to nurture AI innovation. Researchers and startups will be able to use this infrastructure to develop AI applications for key industries such as healthcare, education, transportation and finance. With the country's rapid expansion in manufacturing for technology, automotive, electronics and textiles, Vietnam has become one of the world's fastest-growing economies. Its AI market has also been growing in recent years, backed by technological advancements, government support and greater integration of AI in various industries. Since 2021, Vietnam has promoted AI development as part of its digital transformation strategy with the goal of fostering innovation, building a robust AI ecosystem and positioning the country as a regional leader in R&D. The government of Vietnam is focused on innovation as one of the key elements of its development strategy, said Vietnam Prime Minister Pham Minh Chinh. With this strategic partnership, the Vietnamese government and NVIDIA are committed to jointly promoting the strong development of AI technology in Vietnam and creating a bright future for the innovation ecosystem and high-tech industry in Southeast Asia. NVIDIA has been investing in Vietnam's technology ecosystem for the last eight years. The company is engaged with more than 100 Vietnamese AI startups as part of its Inception program in addition to 65 universities within the country. Last year, NVIDIA began collaborating with FPT Smart Cloud as its first Vietnamese cloud partner. About NVIDIA NVIDIA (NASDAQ: NVDA) is the world leader in accelerated computing. For further information, contact: NVIDIA Corporate Communications press@nvidia.com Certain statements in this press release including, but not limited to, statements as to: NVIDIA's collaboration with the Vietnam government to establish its new Vietnam R&D Center focused on AI; NVIDIA using the Vietnam R&D center to focus on software development, capitalizing on the Vietnam's strong talent pool of STEM engineers, and to engage industry leaders, startups, government agencies, universities and students to accelerate the adoption of AI; NVIDIA partnering with a vibrant ecosystem of researchers, startups and enterprise organizations to build incredible AI in Vietnam; the Vietnam R&D Center developing valuable platforms for NVIDIA and partners to nurture AI innovation; researchers and startups being able to use the Vietnam R&D Center to develop AI applications for key industries such as healthcare, education, transportation and finance; and Vietnam's AI market growing in recent years, backed by technological advancements, government support and greater integration of AI in various industries are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and competition; development of new products and technologies or enhancements to our existing product and technologies; market acceptance of our products or our partners' products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems; as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company's website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances. © 2024 NVIDIA Corporation (NASDAQ:NVDA). All rights reserved. NVIDIA and the NVIDIA logo are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries.

NVIDIA to Open Vietnam R&D Center to Bolster AI Development - NVIDIA (NASDAQ:NVDA)

SANTA CLARA, Calif., Dec. 05, 2024 (GLOBE NEWSWIRE) -- NVIDIA announced today it is opening its first Vietnam research and development center, signaling its confidence in the country's bright artificial intelligence future. The company is collaborating with the Vietnamese government to establish its new Vietnam Research and Development Center focused on AI. NVIDIA will use the R&D center to focus on software development, capitalizing on the country's strong talent pool of STEM engineers, and to engage industry leaders, startups, government agencies, universities and students to accelerate the adoption of AI. "We are delighted to open NVIDIA's R&D center to accelerate Vietnam's AI journey," said Jensen Huang, founder and CEO of NVIDIA. "With our expertise in AI development, we will partner with a vibrant ecosystem of researchers, startups and enterprise organizations to build incredible AI right here in Vietnam." The Vietnam R&D Center will develop valuable platforms for NVIDIA and partners to nurture AI innovation. Researchers and startups will be able to use this infrastructure to develop AI applications for key industries such as healthcare, education, transportation and finance. With the country's rapid expansion in manufacturing for technology, automotive, electronics and textiles, Vietnam has become one of the world's fastest-growing economies. Its AI market has also been growing in recent years, backed by technological advancements, government support and greater integration of AI in various industries. Since 2021, Vietnam has promoted AI development as part of its digital transformation strategy with the goal of fostering innovation, building a robust AI ecosystem and positioning the country as a regional leader in R&D. "The government of Vietnam is focused on innovation as one of the key elements of its development strategy," said Vietnam Prime Minister Pham Minh Chinh. "With this strategic partnership, the Vietnamese government and NVIDIA are committed to jointly promoting the strong development of AI technology in Vietnam and creating a bright future for the innovation ecosystem and high-tech industry in Southeast Asia." NVIDIA has been investing in Vietnam's technology ecosystem for the last eight years. The company is engaged with more than 100 Vietnamese AI startups as part of its Inception program in addition to 65 universities within the country. Last year, NVIDIA began collaborating with FPT Smart Cloud as its first Vietnamese cloud partner. About NVIDIA NVIDIA NVDA is the world leader in accelerated computing. For further information, contact: NVIDIA Corporate Communications press@nvidia.com Certain statements in this press release including, but not limited to, statements as to: NVIDIA's collaboration with the Vietnam government to establish its new Vietnam R&D Center focused on AI; NVIDIA using the Vietnam R&D center to focus on software development, capitalizing on the Vietnam's strong talent pool of STEM engineers, and to engage industry leaders, startups, government agencies, universities and students to accelerate the adoption of AI; NVIDIA partnering with a vibrant ecosystem of researchers, startups and enterprise organizations to build incredible AI in Vietnam; the Vietnam R&D Center developing valuable platforms for NVIDIA and partners to nurture AI innovation; researchers and startups being able to use the Vietnam R&D Center to develop AI applications for key industries such as healthcare, education, transportation and finance; and Vietnam's AI market growing in recent years, backed by technological advancements, government support and greater integration of AI in various industries are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and competition; development of new products and technologies or enhancements to our existing product and technologies; market acceptance of our products or our partners' products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems; as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company's website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances. © 2024 NVIDIA Corporation. All rights reserved. NVIDIA and the NVIDIA logo are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries. NVDANVIDIA Corp$145.600.32%Overview Rating:Good75%Technicals Analysis1000100Financials Analysis600100WatchlistOverviewMarket News and Data brought to you by Benzinga APIs

Nvidia buys Vingroup's AI subsidiary - VnExpress International

Jensen Huang, the U.S. semiconductor giant's founder and CEO, said Thursday that the acquisition was "the starting point of a major future design center" in the country. VinBrain is a startup focused on using AI in the medical field, according to its website. It has provided solutions that increase the productivity of medical experts to 182 hospitals in Vietnam, the U.S., India, and Australia, among other countries. Vietnam's biggest company, Vingroup, had invested US$126 million in VinBrain as of September, according to latest data. Also on Thursday Nvidia signed an agreement with the government to establish AI research and development and data centers in Vietnam. He called it the "birthday of Nvidia Vietnam" and promised to foster the domestic AI industry with training and infrastructure.

Nvidia CEO Jensen Huang returns to Vietnam - VnExpress International

Huang arrived in Vietnam Wednesday and has participated in several technology events, a source familiar with the matter told VnExpress. This is his second visit to Vietnam, one year after his first trip, during which he promised to establish a local entity and make Vietnam Nvidia's "second home." Nvidia has been increasing its presence in Vietnam in recent months. In April the U.S. chipmaker and local tech giant FPT agreed to invest $200 million in the country's first AI factory. The two companies last month launched an AI factory in Japan using thousands of Nvidia graphic-processing units, with plans to build similar factories in the future. Born in 1963, Huang founded Nvidia in 1993. The company's initial products were designed to support graphics processing and gaming, but the technology was gradually leveraged for broader applications, including AI. Since the explosion of generative AI in 2022, the demand for Nvidia's chips has surged, pushing the company's market value above $3.5 trillion, competing closely with Apple for the title of the most valuable company in the world. As a result, Huang's wealth has also skyrocketed, now estimated at $126 billion, according to Forbes. Last year, Huang was spotted casually dressed in a t-shirt and black jeans, going on a food tour in Hanoi, enjoying snails and beer at local eateries.

Vietnamese Government, US chip giant Nvidia sign cooperation agreement - VnExpress International

During the working session, Prime Minister Chinh thanked Jensen Huang for bringing a spirit of collaboration, trust, and sincerity to the partnership between Nvidia and Vietnam. Praising the executive for his intellectual leadership and decisive role in shaping Nvidia's commitment to turning Vietnam into its "second home." "We have met three times in just over a year, demonstrating mutual trust, sincerity and collaboration," the Prime Minister said. PM Chinh acknowledged contributions of Nvidia and Jensen Huang himself to Vietnam's development, particularly in leveraging science, technology, and AI to drive national growth. He encouraged further collaboration, urging Nvidia to extend its expertise to critical areas such as AI development, technology transfer, AI infrastructure, and human resource development. He also called on Nvidia to collaborate with and support Vietnam in such fields as data infrastructure, cloud computing, the Internet of Things (IoT), as well as space exploration and marine technology. He emphasized the importance of inspiring Vietnam's entrepreneurial movement and promoting innovation and AI, as the country seeks to fulfill its vision of national prosperity and happiness for its people. He reassured Nvidia of Vietnam's continued commitment to creating a favorable environment for the company's operations in the principle of harmonized interests and shared risks. For his part, Jensen Huang said Vietnam has the potential, infrastructure, and human resources to develop AI, which has increasingly been applied in Vietnam's socio-economic fields. Thanking PM Chinh for his vision and encouragement, he said he and his company are committed to always being a friend and partner of Vietnam in its development journey.