A Vietnamese tech company is set to build a $200 million AI factory from Nvidia.

Vietnamese IT company FPT and Nvidia, a global leader in semiconductor chip production, said they will cooperate to finance and build a $200 million artificial intelligence (AI) factory in Vietnam.

In a joint statement on April 23, the companies said their initiative aims to create a “one-stop shop” for all AI and cloud computing in Vietnam. The targets include AI products, GPU infrastructure, technology experts and domain expertise for local customers.

FPT plans to invest funds in the AI ​​factory, which will serve as a “sovereign cloud”, while Nvidia will provide the latest technology. This includes AI enterprise software and frameworks with Nvidia H100 Tensor Core GPUs.

According to the statement, FPT aims to establish Vietnam as the “world's AI center” and transform the country into an AI country, while accelerating the adoption of AI applications in neighboring countries such as Japan and Korea.

Keith Strayer, vice president of global AI for Nvidia, said it has the potential to “improve and strengthen the economic life of every country” by accelerating innovation in fields as diverse as healthcare, agriculture, climate and manufacturing.

The factory provides cloud GPU services to corporate FPT customers to accelerate the capacity and speed of AI applications, as well as end-to-end generative AI services.

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In addition, NVD programs are incorporated into educational curricula and activities, training programs, and laboratory facilities at universities and high schools across the country. Not less than 30,000 students will also attend the institution, the statement said.

In the year In December 2023, Nvidia's CEO announced that the company plans to expand partnerships in Vietnam with the aim of attracting local talent in the AI ​​industry.

Before that, in September 2023, the United States and Vietnam entered into multibillion-dollar trade deals and partnerships focused on strengthening semiconductor supply chains.

This meeting was attended by the heads of major technology companies working in the AI ​​space, including NVIDIA, Microsoft and Google.

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