Nvidia’s CEO, Jensen Huang, voiced a commitment to bolster Vietnam’s semiconductor industry by establishing a strategic base in the country. During his inaugural visit to Vietnam, Huang expressed Nvidia’s deep-rooted interest in the region, emphasizing plans to create a hub aimed at attracting global talent. The envisioned center intends to contribute significantly to Vietnam’s semiconductor ecosystem and digital evolution, as per statements from the Vietnamese government following Huang’s meeting with Prime Minister Pham Minh Chinh.

Having already invested $250 million in Vietnam, Nvidia is slated to engage in discussions for collaborative ventures on semiconductor initiatives with local tech firms and authorities, a report by Reuters outlined.

Vietnam, housing major chip assembly plants like Intel’s largest global facility, is actively pursuing expansion into chip design and potential chip manufacturing. Amidst ongoing trade tensions between the United States and China, Vietnam sees promising prospects within the semiconductor industry.

Nvidia has previously joined forces with Vietnam’s leading technology enterprises to implement AI solutions across various sectors such as cloud computing, automotive, and healthcare. The White House’s September publication highlighted these partnerships when Washington elevated its diplomatic ties with Vietnam.