• FPT, Vietnam’s tech firm plans to build a $200 million artificial intelligence factory using Nvidia’s graphics chips and software.
  • FPT plans to use Nvidia’s support to boost AI research in Vietnam with the aim of developing AI applications and solutions at the planned data centre factory, including for generative AI and autonomous driving.
  • The two firms also signed a “comprehensive strategic partnership.”

Vietnam’s tech firm FPT will leverage Nvidia’s assistance to enhance AI research in Vietnam, focusing on creating AI applications for generative AI and autonomous driving at their upcoming data centre factory, the two firms said on Tuesday.

Cooperation between FPT and Nvidia

According to a joint statement from the companies, FPT intends to leverage Nvidia‘s assistance to expand AI research in Vietnam to create AI applications and solutions at the proposed data centre factory, including for generative AI and autonomous driving.

FPT Chairman Truong Gia Binh said that FPT will establish factories in Vietnam and other potential markets, including Japan and South Korea, by the plan. He continued, “FPT is working with Nvidia in technology, business development, and training to achieve its vision of turning Vietnam into an AI hub.”

In addition, a “comprehensive strategic partnership” was inked by the two companies.

Jensen Huang, the CEO of Nvidia, stated in December of last year that the company aimed to deepen its collaborations with leading Vietnamese technology companies and assist the nation in developing human resources for artificial intelligence and digital infrastructure.

Vice President of Worldwide AI Initiatives at Nvidia, Keith Strier, stated, “We have agreements and strategies for each of those many different operating units within FPT,” during a ceremony in Hanoi to commemorate the agreement.

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Over $250 million has been invested in Vietnam by US chipmaker Nvidia. Whether the new partnership would result in more investment in the nation was not immediately apparent.

With a $5.5 billion market capitalization, FPT is the most valuable technology company listed on the Ho Chi Minh City stock exchange in Vietnam. It makes over $2 billion in revenue annually and provides a range of AI, cloud, and big data services.