Qualcomm Launches AI R&D Center in Vietnam, Boosting Country's Tech Ambitions

Qualcomm launches AI R&D centre in Vietnam

HANOI, June 11 (Reuters) - U.S. chipmaker Qualcomm <QCOM.O> has launched an artificial intelligence research and development centre in Vietnam, the company said on Tuesday. Its researchers will focus on advancing generative and agentic AI solutions across smartphones, personal computers, XR (extended reality), automotive and IoT applications, it said in a statement. Qualcomm said the move is aligned with Vietnam's strategies for AI, semiconductors, and digital transformation, and will focus on transferring technology, ecosystem collaboration and capacity building. Meeting in Hanoi on Tuesday with Alex Rogers, Qualcomm's President of Global Affairs, Vietnam's top leader To Lam encouraged the company to continue expanding its operations in the country, including its semiconductor and digital infrastructure businesses. Reporting by Khanh Vu; Editing by David Stanway Our Standards: The Thomson Reuters Trust Principles., opens new tab Suggested Topics:Artificial Intelligence

Qualcomm Taps Vietnam For Next-Gen AI Push, Joining Apple And Nvidia In Supply Chain Shakeup - Qualcomm (NASDAQ:QCOM)

Qualcomm Inc. QCOM has launched an artificial intelligence research and development center in Vietnam. The company's researchers will focus on advancing generative and agentic AI solutions across smartphones, personal computers, XR (extended reality), automotive, and IoT applications, Reuters reported on Wednesday, citing a company statement. In July 2024, Vietnam opened its data center market to foreign investors, allowing 100% ownership, following the implementation of controversial data storage regulations that have attracted major industry players. Also Read: Nvidia, Apple Face Bigger Risks From China Trade Talks Than Any Boost From UK Deal, Analyst Says Since this announcement, companies including Nvidia Corp. NVDA, Apple Inc. AAPL, Lam Research Corp. LRCX, Alibaba Group Holding BABA have reached out to Vietnam to diversify their supply chain base amid heightening geopolitical tensions between the US and China. Lam Research weighed the supply chain shift to Vietnam, with the Vietnamese government canvassing the former to commit $1 billion to local production efforts. Nvidia tapped Vietnamese tech firms for AI development. Nvidia plans to build AI research data centers in Vietnam with the government. According to Bloomberg, Vietnam is eyeing 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. In November 2024, Apple supplier Hon Hai Precision Industry Co, operating 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. Price Action: QCOM stock is trading lower by 0.36% to $158.55 premarket at last check Wednesday. Read Next: Vietnam's VinFast Burns More Cash To Spur EV Growth Photo via Shutterstock QCOMQualcomm Inc$158.76-0.23%Stock Score Locked: Want to See it? Benzinga Rankings give you vital metrics on any stock - anytime. Reveal Full ScoreEdge RankingsMomentum28.66Growth78.04Quality84.44Value49.05Price TrendShortMediumLongOverviewAAPLApple Inc$202.840.08%BABAAlibaba Group Holding Ltd$122.630.62%LRCXLam Research Corp$91.340.37%NVDANVIDIA Corp$143.77-0.13%Market News and Data brought to you by Benzinga APIs

Qualcomm launches new AI R&D center in Vietnam

U.S.-based tech giant Qualcomm on Tuesday officially inaugurated a new artificial intelligence research and development (AI R&D) center in Vietnam. The new facility, staffed by a team of scientists, researchers, and AI specialists working in Hanoi and Ho Chi Minh City, forms part of Qualcomm's global AI research group. It is set to play a key role in developing cutting-edge generative AI and agentic AI solutions, with applications spanning smartphones, personal computers, extended reality (XR), automotive technology, and the Internet of Things (IoT). Speaking at the launch event, Deputy Minister of Science and Technology Le Xuan Dinh described the opening of the AI R&D center as a significant step forward in technology cooperation between Vietnam and the U.S. in a field of mutual interest. He said the establishment reflected Qualcomm's confidence in the potential and capabilities of the Vietnamese IT workforce, while serving as a testament to the deepening comprehensive strategic partnership between the two nations. The official expressed his belief that the center would enhance Vietnam's AI research capabilities, contribute to the training and development of local and international AI experts and engineers, and promote the country's sustainable socio-economic development. According to Thieu Phuong Nam, country director of Qualcomm Vietnam, Cambodia and Laos, Qualcomm's activities in Vietnam align with the country's national strategies on AI, semiconductors, and digital transformation, with a focus on technology transfer, ecosystem development, and capacity building. By combining Vietnam's talent with Qualcomm's global scale and expertise, the company hopes to accelerate the development of advanced, energy-efficient AI solutions for diverse applications while reinforcing Vietnam's role in the global innovation value chain, Nam said. Qualcomm currently operates two representative offices in Hanoi and Ho Chi Minh City, alongside its first R&D Centre in Southeast Asia, launched in Hanoi in 2020. The company is also known for the Qualcomm Vietnam Innovation Challenge, an annual initiative that supports and nurtures local tech startups through financial, technical, business and intellectual property assistance. Under Resolution 57-NQ/TW on breakthroughs in science, technology, innovation, and national digital transformation issued by the Politburo on Dec. 22, 2024, Vietnam aims to rank among the top three countries in Southeast Asia for AI research and development by 2030. Toward such ambition, Vietnam, its strategic location, attractive policies, and rich resources, is increasingly drawing investment from leading global tech firms.

Qualcomm launches new AI R&D center in Vietnam

US-based tech giant Qualcomm on Wednesday officially inaugurated a new artificial intelligence research and development (AI R&D) center in Vietnam. The new facility, staffed by a team of scientists, researchers, and AI specialists working in Hanoi and Ho Chi Minh City, forms part of Qualcomm's global AI research group. It is set to play a key role in developing cutting-edge generative AI and agentic AI solutions, with applications spanning smartphones, personal computers, extended reality (XR), automotive technology, and the Internet of Things (IoT). Speaking at the launch event, Deputy Minister of Science and Technology Le Xuan Dinh described the opening of the AI R&D center as a significant step forward in technology cooperation between Vietnam and the U.S. in a field of mutual interest. He said the establishment reflected Qualcomm's confidence in the potential and capabilities of the Vietnamese IT workforce, while serving as a testament to the deepening comprehensive strategic partnership between the two nations. The official expressed his belief that the center would enhance Vietnam's AI research capabilities, contribute to the training and development of local and international AI experts and engineers, and promote the country's sustainable socio-economic development. According to Thieu Phuong Nam, country director of Qualcomm Vietnam, Cambodia and Laos, Qualcomm's activities in Vietnam align with the country's national strategies on AI, semiconductors, and digital transformation, with a focus on technology transfer, ecosystem development, and capacity building. By combining Vietnam's talent with Qualcomm's global scale and expertise, the company hopes to accelerate the development of advanced, energy-efficient AI solutions for diverse applications while reinforcing Vietnam's role in the global innovation value chain, Nam said. Qualcomm currently operates two representative offices in Hanoi and Ho Chi Minh City, alongside its first R&D Centre in Southeast Asia, launched in Hanoi in 2020. The company is also known for the Qualcomm Vietnam Innovation Challenge, an annual initiative that supports and nurtures local tech startups through financial, technical, business and intellectual property assistance. Under Resolution 57-NQ/TW on breakthroughs in science, technology, innovation, and national digital transformation issued by the Politburo on Dec. 22, 2024, Vietnam aims to rank among the top three countries in Southeast Asia for AI research and development by 2030. Toward such ambition, Vietnam, its strategic location, attractive policies, and rich resources, is increasingly drawing investment from leading global tech firms.