HANOI (Reuters) – Vietnam's top technology company FPT plans to build a $200 million artificial intelligence (AI) factory using Nvidia's graphics chips and software, the companies said on Tuesday. .
FPT plans to use Nvidia's support to accelerate AI research in Vietnam, with the aim of developing AI applications and solutions such as generative AI and autonomous driving at the planned data center factory, the companies said. said in a joint statement.
“According to the plan, FPT will establish factories in Vietnam and other potential markets, including Japan and South Korea,” FPT Chairman Truong Gia Binh told reporters.
“FPT is committed to realizing its vision of transforming Vietnam into an AI hub through cooperation with Nvidia in technology, business development and training,” he added.
The two companies also entered into a “comprehensive strategic partnership.”
Nvidia CEO Jensen Huang said in December that the company wanted to expand its partnership with Vietnam's top technology companies to help the country develop talent to develop AI and digital infrastructure. .
“We work with many different business units within FPT, and each We have an agreement and a strategy for this.”
US chipmakers have invested more than $250 million in Vietnam. It is not immediately clear whether this new partnership will result in increased investment in the country.
FPT is the most valuable technology company on Vietnam's Ho Chi Minh City stock exchange, with a market capitalization of $5.5 billion. The company offers a variety of AI, cloud, and big data services, and its total revenue last year exceeded $2 billion.
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(Reporting by Huong Nguyen; Editing by John Mair)