FPT and Nvidia partner on $200 Million AI factory, aiming to make Vietnam an AI hub

Vietnam's leading technology company, FPT, announced a comprehensive strategic partnership with global chipmaker Nvidia to establish a $200 million artificial intelligence (AI) factory in Vietnam. The facility will leverage Nvidia's graphics chips and software to accelerate AI research and development within the country.

This collaborative effort aims to propel Vietnam toward becoming a regional AI powerhouse. FPT plans to utilize the AI factory as a data center to develop cutting-edge AI applications and solutions. Specific areas of focus include generative AI and autonomous driving technologies.

The partnership further underscores Nvidia's commitment to Vietnam's technological advancement. Jensen Huang, CEO of Nvidia, previously expressed the company's desire to strengthen ties with Vietnamese tech leaders and bolster the country's AI talent pool.

Nvidia has already invested over $250 million in Vietnam, and the impact of this new partnership on their future investments remains to be seen.

As Vietnam's most valuable technology company with a market capitalization of $5.5 billion, FPT is a leader in providing AI, cloud, and big data solutions. The company boasts annual revenues exceeding $2 billion.

This strategic partnership between FPT and Nvidia represents a significant step forward in Vietnam's ambitions to become a major player in the global AI landscape.